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Colombian rate cut could end cutting cycle, minister says

Monday, April 1, 2013

Colombia’s surprise half-point interest rate reduction in March may bring to an end a cutting cycle that began in July, Finance Minister Mauricio Cárdenas said.

“We are getting close to the end of what the central bank can do in terms of cutting its interest rates,” Cárdenas said.

“You can never say never on this subject, but we can say that with this measure, the central bank is taking what could be a final stimulus measure on the monetary policy side.”

Source: Bloomberg