BOGOTA, March 31 (Reuters) - Colombia's central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation.

The decision was backed by a majority of the seven-member board. Three board members voted for a 50 basis point cut.

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https://www.reuters.com/markets/rates-bonds/colombias-central-bank-holds-interest-rate-950-surprising-majority-market-2025-03-31/