Colombia Holds Benchmark Rate at 4.5% Amid Inflation Surge
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Colombia’s central bank kept borrowing costs unchanged for an eighth straight month as consumer prices rise at the fastest pace in six years while the nation’s growth prospects dim.
The seven-member board voted unanimously to hold the benchmark rate at 4.5 percent, central bank Governor Jose Dario Uribe told reporters after the meeting. The decision was forecast by all 33 analysts surveyed by Bloomberg.