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Colombia president sees no room for further interest rate rises
September 1, 2014 / 1:57 PM / 3 years ago

Colombia president sees no room for further interest rate rises

BOGOTA, Sept 1 (Reuters) - Colombian President Juan Manuel Santos said on Monday he did not see room for further increases to the central bank’s benchmark lending rate after five quarter-point rises over the last five months, which took the rate to 4.5 percent.

Growth in Colombia’s economy has accelerated this year, with a GDP expansion target of 4.7 percent, but inflation has been well within the central bank’s 2 percent to 4 percent target range. (Reporting by Monica Garcia; Writing by Peter Murphy; Editing by Dan Grebler)

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