US EditionColombia Holds Interest Rates Steady Amid Inflation Concerns - Blockchain & Cryptocurrencies Tabloid
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6 Articles
Treasury reports that Colombia puts an end to its flexible credit line with the International Monetary Fund. The issuer’s manager reiterates that the decision does not affect public finances
Today the Board of Directors of the Bank decided to keep interest rates stable, due to an increase in inflation expectations by analysts. Four directors voted in favour of this decision, two for a reduction of 50 points and one for 25 points. The last time it was reduced was April 30, when it dropped by 0.25 points. The intervention rate is the reference with which the Bank of the Republic lends to commercial banks. The lower it is, the cheaper …
The decision was not unanimous, with four directors voting in favor of maintaining the rate, while two advocated a 0.50 percentage point reduction and one proposed a 0.25 percentage point cut.
The Bank of the Republic decided to keep the interest rates unchanged on Tuesday at 9.25% after the sharp rise in inflation in August. Colombia’s monetary authority voted mostly for stability, although three directors asked to cut the intervention rates. Two votes were for a cut of 50 basis points and the other for a 25 point reduction in the reference rate. The decision took into account that total inflation in August stood at 5.1 per cent and …
For the fourth consecutive meeting, the Issuer decided to maintain at that level the rate of monetary policy intervention due to inflationary risks
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