The Central Bank of Colombia cut rates to a new record low on May 29 in a bid to reduce the negative impact of Covid-19 on the South American economy.
The executive board lowered the policy rate by 50 basis points to 2.75%. Five of the seven members of the committee voted in favour of the measure, while the other two members voted for a 25bp rate cut.
“We are responding to the drop in inflation and its estimates, to falling growth, to rising unemployment, to what the country is experiencing in
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.