January 2, 2013
Colombia cut its benchmark interest rate by 25bp to 4.25% in its final meet
Colombia cut its benchmark interest rate by 25bp to 4.25% in its final meeting of 2012, the second consecutive cut. “The Colombian economy is growing below its potential, and observed and projected inflation is below the 3% target with no likely upward pressure in the future,” the bank says in a statement. Lower than expected 3Q growth numbers also played a role in the decision.