Colombia Growing More Than Expected Allays Call for Rate Cut

Colombia’s economic growth quickened in the second quarter more than forecast by all analysts, cementing expectations that the central bank will leave interest rates unchanged this month.

Gross domestic product expanded 4.2 percent from a year earlier, up from a revised 2.7 percent in the first quarter, the national statistics agency said today in Bogota. The gain was more than predicted by the 31 analysts surveyed by Bloomberg, whose median estimate was 3.4 percent. The economy expanded 2.2 percent from the previous quarter.