Colombia Maintains Key Rate at 13.25% as Inflation Surpasses Regional Peers
Colombia held interest rates at a 24-year high on Monday to curb inflation that far exceeds that of regional peers.
The central bank kept its benchmark rate at 13.25% for a second straight month, in line with expectations. The decision was unanimous, bank Governor Leonardo Villar told reporters in Bogota.
Read More: Colombia Maintains Key Rate at 13.25% as Inflation Surpasses Regional Peers