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With Mexican pension funds now subject a 0% tax rate, Colombia's finance minister expects the incentive to "attract new resources to finance companies and projects" in the country.

The 25-point cut narrowly won the day among central bank board members with a 4-3 vote. All three dissenters preferred another 50-point reduction.

Colombian Minister of Finance Mauricio Cardenas will sit on three of the four committees.

One analyst firm believes the move "to step up the pace of interest rate cuts is a clear response to the weakness of the recent activity data."

Mauricio Cardenas Santamaria (pictured above), Minister of Finance and Public Credit in Colombia will be delivering a keynote address at Bonds, Loans & Derivatives Andes conference next month, February 23 & 24.  Speaking for the third consecutive year, the Finance...