Economy & Business - May 2009 (ISSN 1741-7430)

COLOMBIA: Slowing down, despite demand from Venezuela

Andean 04 June 2009 Modified: 04 June 2009 202 views

The central bank cut interest rates again on 29 May amid more evidence that the economy is slowing. So far this year, the central bank has chopped the overnight lending rate to 5%, from a seven-year high of 10% last year.

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