Colombia lowers rates

Colombia lowers rates

Economy & Policy Colombia

Colombia's central bank last Friday opted to lower its benchmark interest rate by 25bp to 4.25%, a move likely marking the end of its current easing cycle. According to an analyst report from Capital Economics, Colombia was expected to cut rates by 25bp last week, and the economics consultancy predicts the central bank's monetary policy committee (MPC) will leave rates on hold through the rest of 2018. The central bank's statement highlighted that it would "carefully monitor" inflation and sai

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