Colombia cenbank ups rate to 7.25 pct to ease stubborn inflation
BOGOTA May 27 (Reuters) - Colombia's central bank raised its benchmark lending rate on Friday to 7.25 percent, the ninth consecutive monthly increase, in a bid to ease stubborn inflation.
The seven-member board decided to boost the lending rate by 25 basis points, meeting the forecast of 14 out of 18 analysts in a Reuters survey last week.
The bank held its inflation estimate for the first quarter and for 2016 as a whole steady at 2.5 percent. (Reporting by Julia Symmes Cobb)
© Thomson Reuters 2016 All rights reserved.