*Colombia’s central bank (Banrep) has lowered the benchmark interest by 50 basis points to 11.75%. This marks the fourth consecutive cut to the interest rate and follows a reduction of 50 basis points in March. In a statement explaining the decision, Banrep noted that annual inflation continued to fall in March to 7.4%, which was down from 7.7% in February. Economic analysts surveyed by Banrep are predicting that annual inflation in 2024 will be 4.6%, falling to 3.5% in 2025.
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