El Central Bank of Colombia Increases this value in its 100-point referral interest rate by 4%, while it is hoped for by the majority of the market, in the midst of pre-emptive strikes over inflation, which outperforms the monetary authority.
If the level of interest is higher than the type of interest from April 2018.
In a Reuters survey alone of the 12 analysts consulted anticipating the magnitude of the increment, while 8 hope to have a base of 75 points and the remaining estimates an estimate of less than 50 base points.
The decision shall be taken with the vote of five of the members of the Board of Directors of the issuing bank.
If the quarterly incremental interest rate has been taken since the Central Bank initiated the current cycle to contain inflation through a prolonged expansionary monetary policy from the beginning of the pandemic, as well as through greater dynamism in the economy and pressure International on the issues raised by the Global Summit on the World.
The Central Bank raised its inflation forecast for 4.3% this year from a 3.7% forecast, while by 2023 it projected a 3.4 per cent.
Reference-www.eleconomista.com.mx