Colombia’s exports fell 1.1 percent to $4.7 billion in January compared with the same month last year, the government statistics agency said today in a report on its website.
Exports dropped 11.2 percent in December from the same month a year earlier and they increased 5.7 percent in 2012.
The central bank cited lower export growth in its decision to cut interest rates last month. Banco de la Republica has trimmed the overnight lending rate 1.50 percentage points since June to 3.75 percent.
To contact the reporter on this story: Oscar Medina in Bogota at email@example.com
To contact the editor responsible for this story: Andre Soliani at firstname.lastname@example.org