http://www.bloomberg.com/news/2012-12-21/colombia-cuts-policy-rate-to-4-25-to-lift-slowest-andean-growth.html
Late Friday...as widely expected....the central bank cut its benchmark interest rate for the 2nd consecutive time...by 25 bps...to 4.25%.
The vote was not unanimous.
Colombia is suffering the slowest growth in the region.
In Q3...Bogota reported that its economy only grew by 2.1%; in 2011...it recorded 7.5%.
Peru delivered 6.5% in Q3 while Chile posted 5.7%.
Only Brasil's miserable Q3 .09% lagged behind Colombia.
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- EU / SPAIN / PORTUGAL / ITALY / GREECE : Solidarity Strike Causes Travel Misery Across the Eurozone; Clashes/Arrests/Injuries In Athens, Madrid.
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- ITALY : Oh, No! Silvio's Spectre Returns.
- AUSTIN,TEXAS: Lance Armstrong Still Under Seige For Doping Charges.
- RUSSIA / CHECHNYA : VIDEO/ FOTOS: 40 Story Grozny Skyscraper Burns.
- UKRAINE : 04 Dec UPDATE: Kyiv Girl Wins Junior Eurovision Contest; 4 Nations Will Skip Eurovision 2013.
- BRASIL:1ST UPDATE: Natives Protesting Hydro Plant Release 5 Of At Least 155 Hostages.
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.