Colombia Central Bank Holds Interest Rate at 11.25 Percent
The board voted unanimously to keep the rate at 11.25 percent despite expectations of a hike. Members balanced inflation risks with economic growth goals.
Xurve View
Xurve View
Colombia's central bank held its benchmark interest rate unchanged at 11.25% during its meeting on late afternoon Thursday. The decision defied a Reuters poll where 23 of 25 analysts forecast a hike of at least 50 bps. Investors view the pause as a cooling of tensions between the bank board and the national government.
