Colombia's Banco de la República raises rate 25bp to 12.25% in first decision under Miguel Gómez, with finance minister voting for the hike

Colombia's central bank, Banco de la República, raised its benchmark interest rate by 25 basis points to 12.25%, defying market expectations that rates would be held. It was the board's first rate decision under new governor Miguel Gómez; Finance Minister voted in favour of the increase.

Detected & updated continuously · Source: Nebula