Strategic Interest Rate Reduction Strengthens Colombia’s Economic Outlook

Colombia’s Republic Bank lowered interest rates to 12.25%, a move met with mixed opinions. Most board members agreed on a 50 basis-point cut, matching market predictions. Yet, some pushed for a bolder 75 basis-point reduction. Before this, Colombia saw a 7.74% inflation rate, leaving a wide gap in the policy rate. The bank noted a […]

Leave a Reply

Your email address will not be published.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