http://www.bloomberg.com/news/2012-07-27/colombia-surprises-analysts-with-first-rate-cut-since-2010.html
For the 1st time since 2010...the central bank slightly lowered its benchmark rate...by 25 bps...to 5%.
Colombia's economy grew at a 4.7% pace in Q1...well down from 2011's 5.9% GDP.
The bank now projects only growth of 3% in 2012...not 5%.
But Bogota's peso continues to strengthen...up 8% so far in 2012...and is hurting exports.
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