Central Bank of Colombia
July 1, 2020
The Central Bank of Colombia’s policy interest rate was reduced 25 basis points to a record low of 2.50%. The decision drew one dissent. CPI inflation slowed over a half percentage point in May, and both it and expected inflation are now below the 3% objective. Colombia’s labor market has deteriorated recently, and recovery in exports markets will be slow. Earlier in 2020, central bank officials cut their interest rate three other times, each by 50 basis points.
Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of Colombia
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