Colombia Cuts Rate On Weak Growth, No Inflation Pressure
Colombia’s central bank cut its benchmark intervention rate by another 25 basis points to 3.75 percent, it’s sixth rate cut since July, saying the economy is still growing below potential and inflation is below the bank’s target with no upward pressures looming. Banco de la Republica Colombia, which has cut rates [...]
Colombia’s central bank cut its benchmark intervention rate by another 25 basis points to 3.75 percent, it’s sixth rate cut since July, saying the economy is still growing below potential and inflation is below the bank’s target with no upward pressures looming.
Banco de la Republica Colombia, which has cut rates by 150 basis points since it embarked on an easing cycle in July 2012, said average core inflation and inflation expectations were below the long-term … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards