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(Bloomberg) Colombia’s biggest minimum-wage increase in 50 years is adding pressure on the central bank to raise rates faster and further before an inflation spiral takes hold.
The 10% pay hike goes into effect Jan.
Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate.
Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate.
Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate.