Colombia finmin says cenbank tightening cycle has come to an end

miércoles 22 de junio de 2016 14:14 GYT
 

BOGOTA, June 22 (Reuters) - Colombia's Finance Minister Mauricio Cardenas said on Wednesday the central bank's rate tightening cycle has come to an end after ten consecutive increases in borrowing costs.

"The job is done now," Cardenas told journalists after the bank's board announced a 25 basis point increase in the lending rate, to 7.5 percent. (Reporting by Bogota newsroom)