Colombian Central Banker Says Interest Rates Need to Go Higher

Colombia’s central bank still has work to do to tame inflation, though may now be able to slow the pace of interest rate increases, according to co-director Bibiana Taboada.

“Based on the information we have at the moment, the bulk of the adjustment would already be done,” Taboada said Thursday, in an interview at the bank’s headquarters in Bogota. “That provided some leeway, though not much, to implement the remaining steps gradually.”