US EditionPetro and BanRep Strike Truce as Colombia Interest Rate Stays at 11.25%
6 Articles
6 Articles
Petro and BanRep Strike Truce as Colombia Interest Rate Stays at 11.25%
Key Points —Colombia interest rate held unanimously at 11.25% on April 30 — markets had expected a hike of 50 to 75 basis points to between 11.75% and 12%. —Finance Minister Germán Ávila attended the meeting after walking out of the previous session in protest over the March 100bp hike, ending a one-month boycott. —Inflation […] The post Petro and BanRep Strike Truce as Colombia Interest Rate Stays at 11.25% appeared first on The Rio Times.
The market expected the Colombian central bank to continue with its tightening cycle to combat persistent inflation.
The uncertainty dissipated at 8.37 in the morning. At that time, a spokesman of the Bank of the Republic confirmed to a group of journalists that the Minister of Finance, Germán Ávila, had arrived at the headquarters of the Issuer and took his seat at the Board of Directors. It was the signal that the market expected: the most tense meeting of the year was held without political blockades, despite the strong recriminations of the Minister a mont…
The Bank of the Republic of Colombia, known as Banrep, kept the basic interest rate unchanged at 11.25% per year unanimously on Thursday (30) citing the need to balance support for economic recovery, still high inflation and external risks, such as the prolongation of the conflict in the Middle East. According to the statement, broad inflation reached 5.6% in March, above that observed in late 2025, while the core, which excludes regulated food …
The Board of Directors of the Banco de la República decided on Thursday to pause the pace of interest rate adjustments and kept it at 11.25%. During the day a unanimous vote was held in search of consensus among the members of the Board of Directors. Although inflation in March continued to rise, the Board took into consideration a slight reduction in inflation expectations. President Gustavo Petro warned in the council of ministers that, if the…
After an increase of 200 basis points so far this year, the Issuer reconvenes to define how much interest rates will be located
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
