Colombia central bank raises benchmark rate to 13%

Kitco Media
By Reuters
Published:
Updated:
Reuters
BOGOTA, March 30 (Reuters) - Colombia's central bank board raised the benchmark interest rate by 25 basis points to 13% on Thursday, as expected by most analysts, of which many say this could be the final hike in a long tightening cycle. The decision was backed by all seven of the bank's board members, the central bank said in a statement.

(Reporting by Oliver Griffin)

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