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Emerging Markets

Colombia’s Inflation Hits Two-Year High of 6.14% Despite 12% Interest Rate

The Rio Times · 1h ago · 🇧🇷 Brazil

Colombia’s Inflation Hits Two-Year High of 6.14% Despite 12% Interest Rate

Economy · Colombia Key Facts —The reading. Colombia’s annual inflation reached 6.14% in June, a two-year high and above every analyst forecast. —The rate. The figure landed just over a week after the central bank raised its benchmark interest rate to 12%. —The hike. Banco de la República lifted the rate by 75 basis points […] The post Colombia’s Inflation Hits Two-Year High of 6.14% Despite 12% Interest Rate appeared first on The Rio Times .

Read the full story at The Rio Times →

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