Further Colombia Rate Hike Unlikely: Barclays

No further hikes are expected in the near future from Colombia, according to Jimena Zuniga, an economist at Barclays. “The last three adjustment decision happened when inflation accelerated significantly and unless something like that happens again, the most likely scenario is to leave the rate unchanged at the present level in the upcoming months,” she says. Colombia’s central bank increased its benchmark interest rate by 25bp to 10.00% from 9.75% Friday citing inflationary pressures boosted by food price increases, as well a moderate growth indicators.