Colombian monetary policy-makers ignore World Cup effect
Minutes from last month's meeting make no mention of national team's successful run
The minutes from the most recent meeting of the Central Bank of Colombia's board of directors reveal its decision to raise rates was taken as part of "a process of normalising the monetary policy and closely monitoring the reaction of the financial system balances".
The minutes – the first since the central bank started publishing a more detailed record of its deliberations – reveal the board disagreed over the source of rising inflationary expectations, with some arguing it was a demand-side
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