http://www.bloomberg.com/news/2013-01-28/colombia-cuts-key-rate-to-latin-american-low-of-4-on-inflation.html
Colombia now has the lowest benchmark interest rate in Latin America.
Its central bank lowered the rate...by 25 bps...to 4%...because of a slowing inflation... below the target rate of 3%.
The cbank has lowered the benchmark in 5 of the last 7 meetings.
Colombia has the slowest growing economy in the Andean region.
The central bank projects 4% growth in 2013.
An aggressive plan to spend at least $30 million daily...to weaken the peso/ COP...up 9 % to 1,779 in the past 13 months...was also announced.
The CBank's peso target is estimated at 1,980 per usd.
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