Colombia Cuts Interest Rates to 10.25% as Inflation Eases

Colombia’s Central Bank reduced its benchmark interest rate from 10.75% to 10.25% on September 30, 2024. This 50 basis point cut marks the seventh consecutive reduction. The decision aims to balance economic growth with inflation control. Four board members supported the cut, while three advocated for a larger 75-point reduction. Leonardo Villar, the Central Bank’s […]

Leave a Reply

Your email address will not be published. Required fields are marked *