Colombia's Central Bank Holds Rate at 12.25%
12 Articles
12 Articles
Central Bank of Colombia decides to keep the interest rate unchanged at 12,25 %
The Banco de la República (Banrep), the central bank of Colombia, maintained its reference interest rate unchanged by 12.25% per year, in a split vote. Among the directors of the monetary policy committee, four defended maintenance, while three were in favour of a 0.25 percentage point squeeze. Exclusive material for subscribers. To have full access, access the link of the subject and register.
The vote was divided, as three of the seven co-directors voted to raise the rates to 12.5%
The Board of Directors decided to retain the monetary policy rate unchanged.
Bogotá, Oct 30 (Prensa Latina) The Board of Directors of the Banco de la República de Colombia today maintained the interest rate at 12.25 percent, after a vote in which four of its seven members chose to retain the said value. The post Ente emitido de Colombia maintained the rates at 12.25 percent first appeared on Noticias Prensa Latina.
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