LatinNews Daily - 1 May 2025

*Colombia’s central bank (Banrep) has cut its benchmark interest rate by 25 basis points to 9.25%. This followed previous decisions to hold the rate at 9.5% in March and January. In a statement explaining the decision, Banrep noted that annual inflation dropped from 5.3% in February to 5.1% in March. This remains above Banrep’s 3% target. Meanwhile, economic activity in the first quarter of 2025 was up by 2.5% year-on-year, driven by increased domestic demand and investment. Banrep is predicting growth of 2.6% this year, rising to 3.0% in 2026. However, the bank sounded a note of caution. In an allusion to new tariffs implemented by the US, it noted that “greater trade barriers imply negative shocks to the country’s external demand and the price of some basic exported products”. This, Banrep said, is contributing to fiscal uncertainty at the domestic level.

End of preview - This article contains approximately 149 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial