Colombia Increases Key Rate to Most Since 1999 After Market Fall
Posted on 05/02/2023
The Bank of the Republic Colombia (Banco de la República) on April 28, 2023, raised the country’s interest rates to the highest level since 1999 after political turmoil triggered a plunge in the nation’s bonds and currency during that week. The Bank of the Republic Colombia lifted its benchmark rate by 25 basis points to…
