Central Bank lowers interest rates

An economy that’s not growing to its full potential and inflation below the target are the two main factors driving the Board of Directors of the country’s Central Bank to lower interest rates to 3,75 percent.

“In Colombia, economic indicators for the fourth quarter of 2012 suggest that private consumption grew a bit less than in the two previous quarters. Uncertainty regarding investment, particularly in civil works and construction, is still high,” the Bank said.

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