# Finance Colombia   » Colombian Central Bank Accelerates Easing with Interest Rate Cut of 50 Basis Points

> The Banco de la República cut Colombia's key interest rate by 50 basis points to 6.5%, larger than the 25-point cuts of recent meetings and above market expectations. The central bank also trimmed its 2017 GDP growth forecast to 1.8% after weak retail, industrial and confidence data.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/71771-finance-colombia-colombian-central-bank-accelerates-easing-with-interest-rate
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A faster easing cycle and weaker growth outlook tend to weigh on the Colombian peso, with no meaningful direct effect on feed ingredient supply or prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financecolombia.com: https://www.financecolombia.com/colombian-central-bank-banco-de-la-republica-accelerates-easing-interest-rate-cut-50bp/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.