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Colombia's central bank lowers interest rate to 4.75 pct

BOGOTA | Fri Aug 24, 2012 3:37pm EDT

BOGOTA Aug 24 (Reuters) - Colombia's central bank lowered its benchmark interest rate on Friday for the second straight month by a widely expected 25 basis points to bolster the economy as a global slowdown crimps overseas sales and consumer spending slows.

The seven-member board led by central bank chief Jose Dario Uribe voted to cut the overnight lending rate to 4.75 percent in a move forecast by 28 of 35 analysts polled by Reuters.
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