February 25, 2013
Colombia’s central bank has cut rates 25bp to 3.75%, continuing the looseni
Colombia’s central bank has cut rates 25bp to 3.75%, continuing the loosening that began in November. Nomura sees another 25bp cut is on the way during the first half of 2012. “It is important to remember that the latest minutes (from the January 28th meeting) showed a board divided about the size of the proper rate cut (25bp vs 50bp). The 25bp group recognized the need of additional cuts but decided to be cautious to avoid triggering imbalances in the economy,” Nomura says in a note.