Rates on hold – Colombian minutes
Downward trending inflation and low but growing growth were behind the decision of the board of directors at the Colombian central bank to keep rates on hold.
Annual consumer inflation in November was 2.37% which was a reduction of 35 basis points (bp) with respect to October, the minutes said.
"The Board of Directors thinks that the expansionary monetary policy has made a persistent decrease in the interest rates for deposits and securities possible and that the current level of the benchmark
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