Skip to content
Markets
Economics

Colombia Stuns Economists With Bigger-Than-Expected Key Rate Hike to 4%

  • Central bank lifts key rate a full percentage point to 4%
  • Move is the biggest interest rate increase since 2003
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Colombia surprised most economists with the largest interest rate rise in almost two decades as policy makers try to get soaring inflation back under control.