Colombia's central bank could raise its interest rate to 12.50% next Friday
Banco de la República could raise its benchmark interest rate again at next Friday's meeting to control inflationary pressures. According to a Reuters poll published Monday, 17 of 31 analysts expect a 25-basis-point hike to 12.50%; 13 expect it to stay at 12.25% and one projects a 75-basis-point increase to 13%. Concerns include the slower decline in inflation expectations, the effects of El Niño on food prices, a possible depreciation of the peso and delays in fiscal adjustment.
In 40 seconds
- 17 of 31 analysts surveyed by Reuters expect a 25-basis-point hike to 12.50%.
- 13 analysts expect the rate to stay at 12.25% and one projects a 75-basis-point increase to 13%.
- The central bank aims to curb inflationary pressures, with attention on inflation expectations, El Niño, the peso and fiscal adjustment.
Read the full story at Diario del Sur
IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.
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