UPDATE 1-Colombia cenbank keeps key rate at 3 pct

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BOGOTA, June 18 (BestGrowthStock) – Colombia’s central bank kept
its benchmark interest rate at 3 percent on Friday in line with
market expectations, and analysts say it will probably hold the
rate stable in the medium term.

Inflation is under control and economic indicators like
industrial production and retail sales are showing a rebound in
the Andean nation after being hit by a global economic crisis.

Colombia increased its forecast growth on Tuesday for this
year to 3 percent from a previous target of 2.5 percent and
forecast growth of 4 percent for next year with inflation at 3
percent, the finance minister said. [ID:nN15262841]

The Andean nation has seen a boom in foreign investment
mainly in the energy and mining sectors due to better security
following a U.S.-backed offensive against leftist guerrillas.

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(Reporting by Javier Mozzo, Editing by Chizu Nomiyama)

UPDATE 1-Colombia cenbank keeps key rate at 3 pct