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Colombia's Central Bank Expected to Raise Rates to 11.25% as Inflation Surges Past 6%
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2 Articles
Colombia's Central Bank Expected to Raise Rates to 11.25% as Inflation Surges Past 6%
Key Points — Colombia’s Banco de la República is expected to raise its benchmark rate by 100 basis points to 11.25% at its second meeting of the year — 18 of 25 financial institutions polled by Citi forecast the full hike, while seven expect a 75bp increase to 11% — Core inflation has reached 6.1% […] The post Colombia’s Central Bank Expected to Raise Rates to 11.25% as Inflation Surges Past 6% appeared first on The Rio Times.
The market projects that the Colombian central bank will raise the interest rate by 100 basis points to 11.25%, a figure not seen since June 2024. The main reason: inflationary pressures persist. “An increase of 100 basis points of the rate is expected in March,” he told Bloomberg Línea Francisco Chaves, manager of market analysis at the Banco de Bogotá. “On the one hand, as there was no meeting in February, the adjustment should remain signific…
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