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BOGOTA (Reuters) - The market is divided about whether Colombia's central bank board will raise its benchmark interest rate in a final hike in its tightening cycle or hold borrowing costs as it weighs inflation and growth risks at its meeting on Friday. | 01:21am
The market is divided about whether Colombia's central bank board will raise its benchmark interest rate in a final hike in its tightening cycle or hold borrowing costs as it weighs inflation and growth risks at its meeting on Friday.
By Nelson Bocanegra BOGOTA (Reuters) - Colombia's central bank is set to raise its key interest rate this week at its final meeting of the year and wi...
2 Min Read BOGOTA, Jan 29 (Reuters) - Colombia’s central bank board is expected to maintain the benchmark interest at its record low for a fourth consecutive month at its Friday meeting - the first this year - as it seeks to continue boosting an economy battered by the coronavirus pandemic. All 17 analysts surveyed by Reuters on Tuesday said they expect the seven-member board will keep borrowing costs at 1.75% at the meeting, with a majority expecting it holds until December 2021. The central bank cut 250 basis points from the rate between March and September to counteract the impact of mor...