Colombia says tightening cycle may be nearing end
Central bank board splits 5–2 on 75bp rate hike
The Central Bank of Colombia raised its policy rate by 75 basis points on January 27, to 12.75%, continuing a cycle of 12 straight increases begun in September 2021. However, policy-makers said the rate is now near its peak.
The central bank’s seven-member board split 5–2 on the scale of the rate hike, with the minority backing a 25bp move.
In its statement, the board said: “With today’s decision, monetary policy is close to the stance required to induce a convergence of inflation toward its 3
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com