FILE PHOTO: General view of Colombia's central bank in Bogota, Colombia October 9, 2019. Picture taken October 9, 2019. REUTERS/Luisa Gonzalez
Fourteen of the 26 analysts surveyed by Reuters this week said the seven-member board will reduce borrowing costs to a historic low of 1.75%, while the remaining 12 predicted policymakers will hold steady at 2%. “In our main scenario, the central bank should have finished cuts,” said Juan David Idrobo, a specialist in economic studies at Fidubogota. “However, we recognize there exists a significantly high probability of an additional cut.”