Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Colombia's central bank is projected to increase its benchmark interest rate to 12.5% as inflation accelerates.

Bloomberg ·
Colombia's central bank is projected to increase its benchmark interest rate to 12.5% as inflation accelerates.
  • Colombia's central bank board, led by Governor Leonardo Villar, is widely expected to increase borrowing costs by 50 basis points to 12.5% on Friday.
  • The Colombian peso has performed strongly, leading emerging-market currencies over the past month with a 10% gain against the US dollar.
  • The rate decision comes amid ongoing tensions between the country's independent monetary authority and the administration of outgoing President Gustavo Petro.

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