# Colombia cuts rates unexpectedly, peso slides

> The Colombian central bank unexpectedly cut its benchmark policy rate by 25 basis points to 7.25%, its lowest since May 2016. The bank cited weak economic activity, the risk of excessive deceleration, and uncertainty over inflation convergence. The peso slipped against the dollar after the announcement, with USD/COP ending near 2,890.

- Date: 2017-02-24 · published 2017-02-24T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/72772-colombia-cuts-rates-unexpectedly-peso-slides
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A lower Colombian policy rate and a weaker peso raise the local cost of imported feed inputs and may affect Colombian livestock and poultry feed demand; the move is a currency and macro story with limited direct grain price impact.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- ibtimes.sg: https://www.ibtimes.sg/colombia-cuts-rates-unexpectedly-peso-slides-7859

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