✉news BusinessBanking first seen 18 h ago, last 17 h ago, peak #31
Colombia central bank raises interest rate to 12.25%
Colombia's central bank has raised its benchmark interest rate to 12.25%. The decision by the Banco de la República comes as the bank continues efforts to bring down inflation, which has been running well above its target. Economists are watching how much higher borrowing costs will go and what the tightening means for growth in one of Latin America's largest economies.
Why now: Markets and households are watching how far Colombia will keep tightening monetary policy amid persistent inflation.
Rank over time, top of the chart is #1. 2 snapshots from 18 h ago to 17 h ago.
Evidence
- Colombia central bank raises interest rate to 12.25% · Investing.com
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