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Colombia bank policymaker sees stable rates

Wednesday, January 8, 2014

Colombia central bank board member Adolfo Meisel expects the benchmark lending rate to remain steady.

But Meisel said another cut may be necessary if inflation slows further.

Meisel, one of seven policymakers on the bank's board, said that borrowing costs, at 3.25 percent, were at a good level.

Source: Reuters