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Central bank of Colombia may keep rate steady.

Global Banking News-24 September 2009-Central bank of Colombia may keep rate steady(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 24 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The central bank of Columbia is expected to keep its rate steady.

Analysts believe that the central bank of Colombia is likely to keep its key interest rate unchanged at 4.5% during its next monetary meeting on Friday. If it does so, it would be the third consecutive month that the bank is maintaining the rate.

On June 19 the central bank cut the rate by a half-point, and had hinted that it would not make further rate cuts.

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Publication:Global Banking News (GBN)
Date:Sep 24, 2009
Words:137
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