Colombia central bank to cut rate to historic 2.75% low - Reuters poll
Share:
BOGOTA (Reuters) - Colombia's central bank will cut its benchmark interest rate by 50 basis points to a historic low of 2.75% at its meeting next week, as it tries to alleviate financial upheaval caused by the coronavirus pandemic, a Reuters poll showed on Thursday.It would mark the third consecutive month that the seven-member board has reduced borrowing costs by half a percentage point, after holding it steady for nearly two years.Sixteen of 20 analysts surveyed projected a cut of 50 points,..