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Colombia's interest rate cut rattles investors

Tuesday, January 31, 2017

Surprise interest rate decisions over the last two months by Colombia's central bank and the expected appointment of two new board members next month triggered market uncertainty on Monday, sending local debt yields higher as investors fret about monetary policy.

In a tight vote on Friday, the seven-member central bank board held the lending rate at 7.5 percent, though most analysts and fund managers had expected a cut.

Source: Reuters