In Colombia the Holy Spirit sets interest rates

Tinto (Moderator) (Trustee board) says on Oct 24, 2008, 21:23:

EXCERPT:

If Colombia had cut rates, it would've been the first Latin American country to do so this year. It also would've satisfied President Alvaro Uribe and major businesses who have complained restrictively high borrowing costs are putting jobs at risk.

``I hope the Holy Spirit enlightens the members of the Banco Republica,'' Uribe said yesterday in Bogota while inaugurating Chilean retailer Cencosud SA's first store in Colombia.

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La_Huella says on Oct 25, 2008, 09:45:

No point in cutting rates now. They shoulda been doing it earlier in the year.

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