COLOMBIA: C.Bank Raises Benchmark...To 4.75%.

                                          C.REPORTS

     For the first time in 4 months...and while many nations are lowering rates...the central bank raised its benchmark rate...by 25 bps...to 4.75%.
     But the decision was not unanimous.
     Brasil has dropped its rate 2 times since August...and Mexico, Peru and Chile may also lower benchmarks.
     Colombia's inflation rate in October was 4.02%.