Economy / Colombia
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Rates Up To 7.00%
October 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In line with our forecast, Colombia's central bank, Banco Central de la Republica (BanRep) upped its benchmark lending rate by 25 bps to 7.00%. This decision means that BanRep has now hiked in two consecutive monetary policy meetings and the policy rate is at its highest level since March 2004. According to the accompanying statement, BanRep considered it prudent to continue tightening monetary policy,