Colombia Holds Rates

Colombia Holds Rates

Colombia Economy & Policy

Colombia's central bank held rates at 3.25% when it met on Friday. Analysts had expected it would hold or cut. Banrep points to a small increase in inflation in March, moderating growth, and rising house prices in its decision. Itau analysts say they expect another hold at the next meetings, but highlight that the board left room in case a move is necessary. “We don't expect additional rate cuts ahead,” it says. “However, because we expect GDP growth at 3.8% in 2013, cuts in the policy rate are

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