Colombia central bank raises lending rate 25 basis points to 3.75 pct
BOGOTA May 30 (Reuters) - Colombia's central bank on Friday raised its benchmark lending rate by 25 basis points for the second straight month, an increase aimed at containing a recent rise in still-low inflation as economic growth gathers momentum.
The seven-member policy-making board increased borrowing costs a quarter point to 3.75 percent, as predicted by 30 of 36 analysts in a Reuters survey published this week. (Reporting by Bogota newsroom)
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