Colombia slashes interest rates

Colombia slashes interest rates

Colombia Economy & Policy Corporate & Sovereign Strategy

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 consume

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