The central bank maintained the rate at 7.75% on Thursday. "This decision to maintain the interest rate does not necessarily mean the end of the cycle of increases in the rate," Monetary Policy Manager Carlos Montoro said in a presentation.
Montoro added that the macroeconomic impacts of recent
nationwide protests could impact inflation.
Annual headline inflation hit 8.65% in February, a
slight deceleration from January's rate of 8.66%.
(Reporting by Brendan O'Boyle; Editing by David Alire Garcia)