Colombia's Central Bank maintained its benchmark interest rate at 12% on Friday.
The decision was supported by a majority of its seven-member board of directors.
Colombia's Central Bank kept its interest rate at 12%.
Economy
Colombia's Central Bank maintained its benchmark interest rate at 12% on Friday.
The decision was supported by a majority of its seven-member board of directors.
The US Treasury has warned banks of possible currency intervention. - The US Treasury Department notified banks on Friday of possible foreign exchange transactions to support the Japanese yen and strengthen its exchange rate against the dollar,
Many Fed officials see a possibility of rate hikes if inflation persists. - Many U.S. monetary policymakers have stated that interest rate hikes would likely be necessary if inflation does not decline.