Colombia’s Central Bank Expected to Raise Rates to 11.25% as Inflation Surges Past 6%

Key Points — Colombia’s Banco de la República is expected to raise its benchmark rate by 100 basis points to 11.25% at its second meeting of the year — 18 of 25 financial institutions polled by Citi forecast the full hike, while seven expect a 75bp increase to 11% — Core inflation has reached 6.1% […] The post Colombia’s Central Bank Expected to Raise Rates to 11.25% as Inflation Surges Past 6% appeared first on The Rio Times .

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