Colombia’s central bank holds key lending rate at 4.25%, as expected

FILE PHOTO: The Colombia’s central bank logo is seen in Bogota, Colombia October 1, 2018. REUTERS/Luisa Gonzalez September 23, 2019
BOGOTA (Reuters) – Colombia’s central bank board unanimously held its benchmark interest rate steady at 4.25% yet again at its meeting on Monday, as expected by the market.
The board also raised its growth prediction for this year to 3.2% from 3%, taking it closer to the government target of 3.6%.
The decision met the predictions of all analysts in a Reuters survey last week. The board is expected to hold the rate until next year.

(Reporting by Bogota newsroom; Writing by Julia Symmes Cobb)


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