Colombia holds benchmark interest rate at 12.25%
Summary · in our words
Colombia's central bank maintained its benchmark interest rate at %12,25, holding policy unchanged at its latest decision. The rate remains at the level set in the bank's most recent monetary policy announcement.
Colombia's central bank held its benchmark rate at %12,25, leaving policy unchanged at its latest decision. At that level, Colombia maintains one of the highest benchmark rates in Latin America, which continues to attract carry-trade flows into the Colombian peso but simultaneously pressures domestic credit demand. A prolonged hold rather than a cut cycle can delay the relief borrowers and rate-sensitive sectors were pricing in.
Not investment advice.
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