Colombia May Pause at 3% as GDP Slows, Price Expectations Rise
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Colombia’s central bank will likely keep its benchmark interest rate at a record low after the economy slowed and may indicate readiness to raise borrowing costs as soon as March to damp rising inflation expectations.
The seven-member board, led by bank chief Jose Dario Uribe, will keep the overnight rate at 3 percent, according to all 27 economists surveyed by Bloomberg. Given the consensus, investors will focus on the statement accompanying the decision, scheduled for after 11 a.m. New York time.