Colombia’s Central Bank to Maintain Benchmark Interest Rate at Record Low 1.75%

All 17 analysts surveyed by Reuters on Tuesday said they expect the seven-member board will keep borrowing costs at 1.75%, with a majority expecting it to hold until December 2021.

RIO DE JANEIRO, BRAZIL - Colombia’s central bank board is expected to maintain the benchmark interest at its record low for a fourth consecutive month at its Friday meeting, Janary 29th, - the first this year - as it seeks to continue boosting an economy battered by the coronavirus pandemic.

All 17 analysts surveyed by Reuters on Tuesday said they expect the seven-member board will keep borrowing costs at 1.75% at the meeting, with a majority expecting it holds until December 2021.

The central bank cut 250 basis points from the rate between March and September to counteract the impact . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?