Central Bank of the Republic of Colombia
August 31, 2017
Colombia’s central bank interest rate was lowered by 25 basis points to 5.25%, bringing the cumulative decline over the past six monthly meetings to 175 basis points. A majority of four policymakers wanted a 25-basis point cut, while two preferred a reduction of 50 basis points, and one voted not to cut the rate at all. A released statement noted that headline and core CPI inflation fell in July but also that Colombia’s economic growth slowdown appears to have bottomed. Export demand from neighboring economies remains soft.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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