September 28, 2012 / 7:31 PM / 5 years ago

Colombia holds interest rate at 4.75 percent, as expected

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BOGOTA, Sept 28 (Reuters) - Colombia's central bank held its benchmark interest rate steady on Friday as expected after above forecast second quarter growth gave the authority room to pause rate cuts.

Faster growth in Latin America's fourth-biggest economy led the bank to keep its overnight lending rate at 4.75 percent after two straight cuts to protect Colombia from a slide in overseas demand.

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