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22 February 2013

COLOMBIA : CBank Slices Benchmark...To 3.75%.

     For the 6th time since June 2012...and 4th straight month...Bogota's central bank voted to cut the benchmark interest rate.
     This time...by a unanimous vote...it sliced the rate 25 bps...to 3.75%...to help revive the slowest growth in the Andes region...as inflation registered 2% in December...the low end of its target rate.
     The new rate change drove down the COP/peso...to 1798.90 per usd...now down 1.83% ytd.
http://www.reuters.com/article/2013/02/22/colombia-rates-idUSL1N0BM27020130222
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