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Banco de la República unanimously holds interest rate at 11.25%, defying hike expectations amid government tensions
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In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.
Valtiovarainministeri Elisabeth Svantesson (M) arvostelee suurimpia pankkeja ankarasti siitä, etteivät ne ole laskeneet vaihtuvakorkoisten asuntolainojen korkoja markkinakorkojen laskusta huolimatta. Tähän mennessä vain SEB on tehnyt pienen koronalennuksen.
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The European Central Bank (ECB) has kept its Eurozone deposit rate at 2.0 percent. Despite sharply rising prices and heightened inflation expectations, the ECB refrained from a rate hike. Investors now anticipate moves from June onward.
Homeownership in South Africa is becoming more accessible as interest rates decline, reducing monthly bond repayments significantly. Experts note a drop in the prime lending rate since late 2023, offering substantial savings for potential buyers. However, prospective homeowners should carefully assess budgets and risks before entering the market.