Colombia's central bank raises key lending rate to 5.5 pct

viernes 27 de noviembre de 2015 14:47 GYT

BOGOTA Nov 27 (Reuters) - Colombia's central bank increased the benchmark interest rate by a quarter point on Friday in an effort to stem rising inflation that is already well above the bank's target range.

The seven-member board decided to boost the lending rate to 5.50 percent, meeting the forecast of nine of 21 analysts in a Reuters survey. (Reporting by Bogota newsroom)