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Fondeo rate will remain at 3.5%. Dovish tone as downward risks on economic activity increase

Published on Thursday, June 5, 2014 | Updated on Thursday, June 5, 2014

Fondeo rate will remain at 3.5%. Dovish tone as downward risks on economic activity increase

Lower than expected GDP growth in the first quarter increased the downward risks on economic activity. The monetary pause remains consistent with the current and expected economic conditions

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