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(Adds details from statement, quotes) BOGOTA, Dec 18 (Reuters) - Colombia’s central bank board held the benchmark interest rate steady at 1.75% for the third consecutive month at its Friday meeting, citing low inflation and continuing economic recovery, meeting analyst predictions. The decision was backed by five policymakers, with the remaining two board members voting to cut the rate by 25 basis points, board chief Juan Jose Echavarria said. “Inflation in November was 1.49%, lower than expected by analysts and economic authorities,” the board said in a statement read by Echavarria. The bank’s long-term target rate for consumer price increases is 3%. “The projection of the trajectory of inflation foresees low levels during the first quarter of 2021 and a subsequent acceleration during the rest of the year,” the statement said. ....
Article content BOGOTA Colombia’s central bank board is set to hold the benchmark interest rate steady for the third consecutive month at its Friday meeting, as it seeks to continue boosting an economy battered by the coronavirus pandemic. All twelve analysts surveyed by Reuters last week agreed the seven-member board will keep borrowing costs at 1.75% at the meeting, with a majority expecting holds until December 2021. We apologize, but this video has failed to load. Try refreshing your browser, or Colombia central bank likely to hold interest rate at final 2020 meeting, say analysts Back to video The policymakers cut 250 basis points from the rate between March and September to counteract the impact of more than five months of coronavirus quarantine and a collapse in consumption. ....
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Banco Central de Colombia mantiene tasa de interés estable en votación dividida reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Tasa de interés : Banco de la República mantuvo en 1,75% la tasa de interés | Economía wradio.com.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wradio.com.co Daily Mail and Mail on Sunday newspapers.