Colombia central bank to hold 1.75% rate for most of 2021: survey

Colombia’s central bank board will hold its 1.75% benchmark interest rate at its final meeting of the year and keep it steady until nearly the end of 2021, taking advantage of low inflation to continue bolstering the economy, analysts said in a Reuters poll on Thursday. It would be the third month in a row the policymakers have held the rate, after cutting 250 basis points between March September amid more than five months of coronavirus lockdown which shuttered businesses and sent unemployment soaring.

Source: Reuters