Central Banks
Colombia Holds Key Rate at 13.25% as Inflation Exceeds That of Regional Peers
- Petro’s phase out of fuel susbidies pressures transport prices
- Economists expect Colombia to start easing policy by October
A person counts Colombian pesos.
Photographer: Joaquin Sarmiento/AFP/Getty ImagesThis article is for subscribers only.
Colombia held interest rates at a 24-year high on Monday to curb inflation that far exceeds that of regional peers.
The central bank kept its benchmark rate at 13.25% for a second straight month, in line with expectations. The decision was unanimous, bank Governor Leonardo Villar told reporters in Bogota.