23 December 2012

COLOMBIA : CBank Cuts Benchmark...To 4.25%.


      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.