Monday, March 4, 2024

Logo Central America Link

Colombia raises key rate most since 2003

Monday, November 2, 2015

Colombia’s central bank increased its benchmark policy rate by the most in more than a decade to curb the fastest consumer price increases since 2009.

The seven-member board voted to increase the benchmark rate 50 basis points to 5,25%, central bank Governor Jose Dario Uribe told reporters.

Source: Bloomberg