LatinNews Daily - 01 April 2022

In brief: Colombia hikes interest rates

* Colombia’s central bank (Banrep) has raised the benchmark interest rate by 100 basis points to 5.0% in its fifth consecutive rate hike. The announcement came as the latest inflation figures show annual inflation reaching 8.01% in February, with Banrep forecasting total inflation in 2022 of 6.4%, more than double its target of 3%.

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