COLOMBIA : CBank Surprises With 25 Bps Benchmark Drop...To 5.%; Ist Change Since 2010.

http://www.bloomberg.com/news/2012-07-27/colombia-surprises-analysts-with-first-rate-cut-since-2010.html

      For the 1st time since 2010...the central bank slightly lowered its benchmark rate...by 25 bps...to 5%.
     Colombia's economy grew at a 4.7% pace in Q1...well down from 2011's 5.9% GDP.
     The bank now projects only growth of 3% in 2012...not 5%.
      But Bogota's peso continues to strengthen...up 8% so far in 2012...and is hurting exports.