Skip to main content

Colombia finance minister says no more rate hikes needed

Ocampo says December inflation figure of 13.1% was the peak level

Banco de la Republica
Central Bank of Colombia, Bogota
Rachael King

Colombia’s finance minister José Antonio Ocampo has said the country does not need further policy rate increases.

“The fact inflation continued to increase in December was problematic, we don’t deny that, but I think it was the peak,” Ocampo told Reuters on January 17. Colombia’s year-on-year inflation reached 13.1% in December, up from 12.5% the month before. The next policy decision will be announced on January 27.

He also said the central bank had discussed intervening in currency markets

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Artículos más leídos cargando...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.