Colombia Holds Interest Rate at 9.25% as Inflation Outlook Sours

El Pais

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Colombia maintains a restrictive policy in the face of inflation that does not yield, a growing trade deficit and pressure to raise the minimum wage

Bloomberg Linea

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The Board of Directors decided on Friday to leave interest rates stable at 9.25%, in a new vote divided within the monetary authority.The vote of the Board remained 4 to 3, the majority asked to maintain, two co-directors voted for a cut of 50 basis points and the other asked to lower rates by 25 points.For the decision the Board took into account that total inflation in September increased again for the third consecutive month and stood at 5.2 …

Globo

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The decision was not unanimous: four Banrep directors voted in favor of maintaining the rate, two voted for a reduction of 0.50 percentage points (p.p.), and one voted for a cut of 0.25 p.p.

Forbes España

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The Banco de la República (the central bank of Colombia) has decided by majority to bet on extending a cautious monetary policy and keeping the interest rate unchanged at 9.25%, as reported by the agency in a statement. The members of the board of directors remember that the inflation of the country increased again by [...] The entry The Central Bank of Colombia keeps unchanged the interest rate at 9.25% aparece primero en Forbes España.

larepublica.co

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Bank of the Republic manager Leonardo Villar noted that one of the reasons was that inflation in September increased for the third consecutive month.