Colombian Central Bank Hike

The Central Bank of Colombia’s policy interest rate has been lifted by only 25 basis points to 13.0%. Similar to most countries around the world where central banks target inflation, consumer prices in Colombia with a 12-month 13.25% rise is currently running way above the objective, which in Colombia’s case is 3.0%. A year ago, […]

The Central Bank of Colombia’s policy interest rate has been lifted by only 25 basis points to 13.0%. Similar to most countries around the world where central banks target inflation, consumer prices in Colombia with a 12-month 13.25% rise is currently running way above the objective, which in Colombia’s case is 3.0%. A year ago, […]