Colombian central bank maintains interest rates at 1.75%; sets 2021 inflation at 3%

The Board of Directors of the Banco de la República unanimously decided to maintain its interest rate at 1.75%, with which the indicator completes two consecutive months without changes. Although inflation expectations for this year remain below 2%, in 2021 a growth in the cost of living of Colombians is expected close to 3%, which is the goal of Banco de la República.

Source: RCN Radio