Colombia's Uribe explains why he is still raising rates
Banco de la República de Colombia raised its overnight lending rate by 25 basis points to 5% on January 30, making it one of a declining number of central banks still raising benchmark interest rates. The Colombian central bank stopped its monetary tightening during the third quarter of last year amid fears of a slowdown in world markets, but resumed raising rates with a 25bp increase in November ahead of its latest move this year.
"When comparing the monetary policy responses of different
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