Colombia central bank to keep rate at 1.75% for at least a year: Reuters survey

Colombia’s central bank board will hold the benchmark interest rate steady at its November meeting and through most of 2021 as it seeks to boost economic recovery, a Reuters poll showed on Monday. The 14 analysts surveyed agreed the seven-member board will keep borrowing costs at 1.75% for the second month running. The board cut the rate by 250 basis points between March and September, in a bid to help growth amid the coronavirus pandemic and more than five months of national lockdown.

Source: Nasdaq