Colombia's central bank cuts benchmark interest rate by 50 bps to 11.25% despite government pressure.
Colombia's central bank cuts benchmark interest rate by 50 basis points to 11.25%, defying government pressure to accelerate monetary easing. The decision was supported by four out of seven board members, while two argued for a 75 basis point reduction. Analysts correctly forecast the move, as the bank aims to maintain a stance in line with inflation targets and support economic recovery.
June 28, 2024
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