Pledging to continue to fight inflation, the central bank increased the benchmark interest rate...for the 3rd month...by 25 basis points...to 3.75 percent.
The rate is now at an 18-month high.
Inflation there has exceeded 3%.. for four months.
30 April 2011
COLOMBIA: As Expected...C.Bank Raises Benchmark...To 3.75%.
Pledging to continue to fight inflation, the central bank increased the benchmark interest rate...for the 3rd month...by 25 basis points...to 3.75 percent.
The rate is now at an 18-month high.
Inflation there has exceeded 3%.. for four months.