Colombia Cuts Interest Rate to 3.75%


The Central Bank of Colombia decided on February 22 to cut the key interest rate for the sixth consecutive time since last June, in an effort to revert the economic slowdown.

According to the monetary authorities, the decision was made after taking into account that the Colombian economy is growing below its potential, and because observed and projected inflation is comfortably below the goal of 3 percent, with no upward pressure expected in the near future.

 

Colombia Cuts Interest Rate to 3.75%


Duarte Ricardo | duarte.ricardo@tradingeconomics.com
2/25/2013 11:49:12 AM