Colombia fights above-target inflation
The board of directors of the Banco de la Republica Colombia were unanimous in deciding to raise the central bank's benchmark rate by 25 basis points to 10%, the minutes of the 25 July meeting show.
Expectations of inflation rose on short-, medium- and long-term indicators and the board saw it as necessary to increase rates in order to try to get inflation back towards the central bank's long-term target.
To read the minutes, click here
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