Colombia's central bank decides on rates Friday: market split between a hike to 12.50% and holding at 12.25%
The Banco de la República board meets on Friday, October 30, to set the benchmark rate, currently at 12.25%. In the Anif survey, 68.4% of analysts expect a 25-basis-point hike to 12.50%, while 31.6% foresee a pause. Annual inflation accelerated to 6.29% in September, 229 basis points above the upper limit of the target range. Bancolombia projects the hike; Corficolombiana expects the rate to hold and forecasts a final increase in December.
In 40 seconds
- 68.4% of analysts surveyed by Anif expect a 25-basis-point hike to 12.50%; 31.6% expect the rate to stay at 12.25%.
- Annual inflation reached 6.29% in September, above August's 6.24% and 229 basis points over the upper limit of the 4% target range.
- Bancolombia anticipates the hike to 12.50% and a final increase in December that would take the rate to 12.75%; Corficolombiana expects a pause this Friday.
Read the full story at Revista Semana
IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.
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