23 November 2012

COLOMBIA: CBank Cuts Rate To 4.5%...After Brokerage Collapse.

http://www.bloomberg.com/news/2012-11-23/colombia-cuts-policy-rate-to-4-5-after-interbolsa-collapse.html

          For the 1st time in 3 months...the central bank unexpectedly cut its benchmark rate...
by 25 bps...to 4.5%...after the collapse of the nation's biggest brokerage...Interbolsa SA.
         Economic activity there slowed...by 1.3% from the previous September...to 4.9% in Q2.
         Inflation is still a non-factor registering 3.06 % in October.