LatinNews Daily - 31 October 2022

In brief: Colombia hikes interest rates

* Colombia’s central bank (Banrep) has raised the benchmark interest rate by 100 basis points to 11%. In a statement explaining the decision, Banrep noted that annual inflation stood at 11.4% in September, up from 10.8% the previous month, and far higher than the bank’s target of 3%. The statement also highlighted the “worsening of financial conditions facing the economy, caused by global factors and idiosyncratic factors”.

End of preview - This article contains approximately 68 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.