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Colombia cenbank cuts interest rate to 7.25 pct, surprising market
February 24, 2017 / 6:36 PM / 7 months ago

Colombia cenbank cuts interest rate to 7.25 pct, surprising market

BOGOTA, Feb 24 (Reuters) - Colombia’s central bank cut the benchmark interest rate to 7.25 percent on Friday in a bid to bolster growth despite inflation figures that remain above the target range.

The board decided to reduce the lending rate by 25 basis points, surprising the market. (Reporting by Helen Murphy)

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