Miércoles, 22 de febrero de 2017

| 2009/05/15 00:00

Colombia Ctrl Bk: Conditions Exist For More Rate Cuts

May 15 -- The Colombian central bank's board said at its April 30 meeting that conditions exist to continue cutting rates in 2009, after it voted to cut its key rate by a full percentage point, according to the minutes of the meeting released Friday.

Colombia Ctrl Bk: Conditions Exist For More Rate Cuts

"Recent developments in Colombia and throughout the world make for a low-risk balance in terms of economic activity and inflation," the minutes said. "This allows the Board to continue implementing a policy designed to reduce the Central Bank's intervention rates."
The central bank voted unanimously to cut its key rate by one percentage point to 6% at its monetary-policy meeting as economic activity weakened at a faster-than-expected pace and as inflation continued to slow.
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