Colombian Central Bank Cuts Rate to 5.0%

Colombia’s central bank unexpectedly reduced (25 bps) its intervention interest rate.

Colombia Finance Ministry expects slower 2012 growth.

The Colombian Minister of Finance, stated that the Colombian Economy would grow more slowly than expected in 2012 at 4.5 percent.

Colombia plans approx USD $ 103 billion in spending in 2013

The Government of Colombia plans budgetary spending for next year 12.2 percent higher than in 2012.

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