Colombia cenbank cuts interest rate to 4.5 pct, surprising market

By Kitco News / January 29, 2018 / www.kitco.com / Article Link

BOGOTA, Jan 29 (Reuters) - Colombia's central bank lowered the benchmark interest rate to 4.5 percent on Monday, as policymakers seek a boost to still sluggish economic growth.

The board reduced the lending rate by 25 basis points, contrary to the hold expected by the majority of analysts in a Reuters survey.


(Reporting by Helen Murphy)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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