{"id":22174,"date":"2011-06-17T17:38:00","date_gmt":"2011-06-17T21:38:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=d48eb4594bf08db6084f3fc1f6b1c6bb"},"modified":"2011-06-17T17:38:00","modified_gmt":"2011-06-17T21:38:00","slug":"colombia-central-bank-lifts-interest-rate-25bps-to-4-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/17\/colombia-central-bank-lifts-interest-rate-25bps-to-4-25\/","title":{"rendered":"Colombia Central Bank Lifts Interest Rate 25bps to 4.25%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.banrep.gov.co\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">Central Bank of Colombia<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">\u00a0increased its benchmark monetary policy interest rate by 25 basis points to 4.25% from 4.00% previously. \u00a0The Bank said (translated): &quot;<\/span>C<span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">redit growth continued to accelerate. Both business and household lending real growth rates are tracking significantly higher than GDP growth. This situation occurs in a context where much of real interest rates are at historically low levels.&quot; and that &quot;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The increase in the rate of intervention aims to maintain inflation within the target range this year and next and help prevent future financial imbalances.&quot;<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Previously the Central Bank of Colombia also increased its <a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/colombia-central-bank-raises-rate-25bps.html\">interest rate<\/a> by 25 basis points to 4.00% at its May meeting this year. \u00a0Colombia reported annual inflation of 3.02% in May, compared to 2.84% in April, and 3.19% in March, this compares to the Bank&#39;s inflation target of 3%. \u00a0Goldman Sachs is forecasting 2011 GDP growth at 5.5%, while Morgan Stanley is forecasting 4.9% growth for the Colombian economy.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; \">www.CentralBankNews.info<\/a><\/span><\/p>\n<div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-6280766869878024004?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Central Bank of Colombia\u00a0increased its benchmark monetary policy interest rate by 25 basis points to 4.25% from 4.00% previously. \u00a0The Bank said (translated): &quot;Credit growth continued to accelerate. Both business and household lending real &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22174","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22174"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22174\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}