August 2, 2017 |
Colombia’s central bank
lowered its benchmark interest rate by 25bp to 5.5% in its latest meeting,
continuing the easing policy applied in recent months.
The monetary policy committee said
in its statement that annual inflation stood at 3.99%, while average inflation
was 5.09% at the end of July, lower than June figures. Annual inflation
expectations, for this year fell to 4.28%, while inflation is expected to drop
to 3.52% by the end of 2019.
The central bank also said the
Central bank reduces the benchmark by 25bp to 5.5% in a bid to stimulate economic growth