Banco de la República board announcing 100 basis point interest rate hike to 10.25% due to inflation from minimum wage increase, with concerned Finance Minister.
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Banco de la República hikes interest rate to 10.25% amid inflation surge and minimum wage controversy

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Colombia's Banco de la República raised its intervention rate by 100 basis points to 10.25%—the highest in over a year—in its first 2026 board meeting, citing persistent inflation above 5% for nearly six months and unanchored expectations from a 23.8% minimum wage hike decreed by President Petro's government. The decision, with a split 4-2-1 vote, drew market surprise and government criticism over economic contraction risks.

The South African Reserve Bank kept its repo rate unchanged at 6.75% on Thursday, citing the ongoing Iran war and rising oil prices. Governor Lesetja Kganyago said inflation remains on target but could accelerate if the conflict persists. The bank warned of potential rate hikes later this year.

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Colombia's Superintendencia Financiera reported that the usury rate for March stands at 25.52% effective annual rate, up 0.29 percentage points from February's 25.23%. This increase mirrors market interest rate adjustments. Institutions like Coltefinanciera and Banco Unión have rates closest to the cap.

The Board of Directors of the Banco de la República voted by majority to keep the policy interest rate at 9.25% in its final meeting of the year, amid ongoing inflationary pressures above 5%. Two members, including Finance Minister Germán Ávila, favored a 50 basis point cut. Inflation eased slightly to 5.3% in November, but future expectations rose.

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Bitcoin's price climbed to $88,000 following the Bank of Japan's interest rate increase to its highest level in 30 years. Despite expectations of a risk-off move, the hike did not trigger a flight to the yen, with futures traders instead piling into leveraged long positions. Ether outperformed bitcoin amid broader altcoin weakness.

일본은행 분기 탱칸 조사에서 대형 제조업체 사업 심리 지수가 12월 15로 9월 14에서 상승, 2021년 12월 이후 4년 만 최고치. 이 개선은 중앙은행 금리 인상 시장 기대를 강화. 비제조업 지수 34로 유지.

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Following yesterday's wild swings after the Federal Reserve's rate cut, Bitcoin fell below $90,000 for the first time in two days amid demand concerns for risky assets. Stocks rallied in contrast on Thursday.

 

 

 

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