Colombia holds rates in surprise move
Banrep says Middle East conflict and El Niño could intensify inflationary pressures
The Central Bank of Colombia (Banrep) kept its benchmark rate steady at 12% in a split decision.
On July 31, four directors on Banrep’s board voted for a pause while three opted for a hike of 50 basis points. In a statement following the decision, the central bank said holding rates steady would maintain a “restrictive monetary policy” consistent with expectations of a downward inflation trajectory in 2027.
The move came as a surprise to markets. Only four of 27 economists surveyed by Bloomberg ha
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: www.centralbanking.com/subscriptions
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
More on Monetary policy decisions
RBA remains on hold and says inflation still too high
Economists predict interest rates in Australia will stay put until mid-2027
Mexico and Nicaragua hold interest rates
Banxico revises upwards its forecast for hitting 3% inflation target; while Nicaragua expects inflation to remain “low and stable”
Brazil cuts rates for a fourth time in a row
BCB’s policy statement shorter and more focused than previous decision, analyst says
RBI on hold as inflation climbs above target
Few signs of “generalisation of price pressures”, says Sanjay Malhotra
BoJ holds as yen and won both rise on suspected interventions
Japan’s central bank more hawkish than at previous meetings as it keeps rates at 1%
Chile holds rates for fifth time amid Iran war escalation
Policy-makers inject caution into statement as conflict intensifies, analysts say
MAS tightens ‘very slightly’, saying it will cap inflation
Unexpected move marks central bank’s second consecutive tightening decision
Paraguay holds rates while Costa Rica cuts by quarter point
Both central banks face below-target inflation despite global energy price shock