Economy & Business - May 2023


COLOMBIA | Interest rate hike. On 28 April, Colombia’s central bank (BCR) raised the benchmark interest rate by 25 basis points to 13.25%. In a statement explaining its decision, the BCR noted that whilst inflation is now “relatively stable”, it remains significantly above the target rate of 3%. In March, annual inflation stood at 13.34% while monthly inflation was 1.05%. The BCR announced a slight reduction in its 12-month inflation forecast, which it lowered to 7.0% – down from 7.2% last month.

End of preview - This article contains approximately 420 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.