Colombia Leaves Monetary Policy Unchanged

At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.

The central bank said that the outlook for global growth in 2014 remains largely unchanged from previous estimates. 

Policymakers estimate the GDP to have grown between 4 percent and 5 percent in the fourth quarter of 2013, with 4.6 percent as the more likely figure, and boosted by investment. 

For 2014, economic growth between 3.3 percent and 5.3 percent is expected, with 4.3 percent the most likely figure.

Colombia Leaves Monetary Policy Unchanged

Joana Taborda |
2/28/2014 7:16:51 PM