August 30, 2013
Colombia’s central bank is expected to hold the benchmark interest rate at
Colombia’s central bank is expected to hold the benchmark interest rate at 3.25% when it meets today. “In recent communication, members sounded confident that the economy is recovering, with positive signs on the consumption front. The depreciation of the FX rate also plays against additional rate cuts,” says Itau, one of the shops forecasting a hold. In July, the central bank held rates for the fourth month in a row, in line with market expectations.