October 3, 2011
Colombia's central bank decided to hold the country's benchmark rate at 4.5
Colombia's central bank decided to hold the country's benchmark rate at 4.50%, in line with market expectations. "The scenario of risks has not changed substantially in the last month. For this reason, the board chose to continue with the pause," the bank says in a release. It highlights continued deterioration n the US and Europe, as well as moderation in Asian growth. The bank now sees Colombia growing at 4.5%-6.5% this year, and inflation remaining within the target range.