Interest Rate Hike in Colombia

November 1, 2021

The Central Bank of Colombia‘s policy interest rate was lifted by a greater-than-anticipated 50 basis points to 2.5%. An initial 25-basis point increase occurred in September. After the pandemic hit in 2020, the rate was slashed from 4.25% to 1.75% in seven incremental moves. Some of the other central banks to raise interest rates since the end of this year’s third quarter include those in Romania, Iceland, Chile, Kazakhstan, Tajistan, Jamaica, Poland and New Zealand.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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