Central Bank Watch
Central Bank of Colombia Raised Interest Rates Again in Inflation-Reducing Campaign
May 29, 2016
Colombian monetary officials late Friday announced a further interest rate hike of 25 basis points to 7.25%. It was the ninth increase since September 2015. The rate was at 4.50% prior to then. A statement justified the action as follows: The Colombian economy is adjusting in an orderly manner to the strong external shocks recorded […] More
