Colombia lowers rates again

Colombia lowers rates again

Colombia Economy & Policy Corporate & Sovereign Strategy

Colombia’s central bank said it has lowered its benchmark interest rate again by another 25bp to 5.25% to boost economic growth and capitalize on lower inflation levels.The central bank, however, revealed a relatively dovish statement following its latest monthly meeting on Thursday, signaling that further rate cuts are due in this current cycle. Two board members out of the seven are said to have voted for a 50bp cut, representing an uptick in monetary policy, according to a note from Capi

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