Colombia Set for Rate Decision

Colombia Set for Rate Decision

Colombia Economy & Policy

Analysts are expecting Colombia’s Central Bank to keep the country’s benchmark rate at 4.5% just like it did at the last meeting in August. Monetary authorities lifted rates higher between February and July this year, hiking them from 3% to 4.5% before pausing. “Part of the explanation as to why we [raised rates] was related to what we were seeing in credit growth and also real-estate prices,” Colombian Central Bank President Jose Dario Uribe told LatinFinance at the IMF meetings in Washington l

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