Bank of Colombia rate-setters air inflation concerns

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The minutes from the lastest monetary policy setting meeting at the Central Bank of Colombia, which were released on May 11, showed that the board of directors was divided over the level of threat inflationary pressures posed to the economy.

On April 30, it was announced that the seven-strong board had decided to leave the benchmark interest rate unchanged at 5.25%. The minutes revealed this decision was unanimous.

The minutes did however show some discrepancy among the board members. This

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