Villar says rates will stay high until inflation returns to target

Kiswahili

Banco de la República general manager Leonardo Villar said monetary policy will keep rates high until inflation returns to the 2%-4% target range. The move followed the board's latest meeting.

Leonardo Villar explained that 2026 inflationary pressures, driven by the minimum wage adjustment and the Middle East war, forced the central bank to raise the rate to 12%. Inflation rose from about 4.8% a year ago to above 6.1% now.

The 75-basis-point hike passed with four votes in favor, two for a 50-point cut and one for no change. Villar said rates will remain high until inflation returns to target.

Villar held a courtesy meeting with President-elect Abelardo de la Espriella, where he backed the central bank's independence. The current rate is the highest in two years.

Makala yanayohusiana

Banco de la República board unanimously holds interest rate at 11.25% in meeting with Finance Minister amid inflation and political tensions.
Picha iliyoundwa na AI

Banco de la República unanimously holds interest rate at 11.25%, defying hike expectations amid government tensions

Imeripotiwa na AI Picha iliyoundwa na AI

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.

Banco de la República raises interest rates to 12 percent

Colombia’s Banco de la República raised interest rates to 12 percent on June 30, 2026, an increase of 75 basis points from 11.25 percent. The decision came during the central bank’s penultimate meeting of the year.

Central bank raises rates by 200 basis points amid rising inflation

Imeripotiwa na AI

Technical manager Hernando Vargas presented the Banco de la República's Monetary Policy Report, highlighting the interest rate hike and lower-than-expected GDP growth.

America

Colombia inflation expectations exceed Banco de la República target

Asia

Philippine economy can still handle another rate hike, BSP says

America

ANIF survey foresees interest rate rising to 12.50%

Government urges state banks not to rush credit rate increases

Economy Minister Airlangga Hartarto and Investment Minister Rosan Roeslani urged state-owned banks not to rush in raising lending rates after Bank Indonesia lifted the benchmark rate to 5.75 percent.

Central Bank raises growth projections for 2027 and 2028

Imeripotiwa na AI

The June Monetary Policy Report cut the GDP expansion range for 2026 but improved estimates for the following two years. Officials noted that the adjustments come before the megareform and the US-Iran agreement.

Alhamisi, 23. Mwezi wa saba 2026, 17:26:27

South African Reserve Bank Holds Rates Amid Inflation Risks

Alhamisi, 18. Mwezi wa sita 2026, 18:31:00

Fed holds rates steady but signals possible hike amid inflation

Jumanne, 16. Mwezi wa sita 2026, 19:07:52

Central Bank holds interest rate at 4.5%

Alhamisi, 4. Mwezi wa sita 2026, 22:18:12

Central Bank projects 2.3% inflation for May and dollar at 1,422 in June

Jumamosi, 23. Mwezi wa tano 2026, 13:31:37

Central bank of egypt holds interest rates amid rising inflation outlook

Ijumaa, 8. Mwezi wa tano 2026, 23:40:47

César Giraldo says rate hikes will not curb inflation

Alhamisi, 7. Mwezi wa tano 2026, 14:25:27

Banxico ends rate cut cycle and sets rate at 6.50%

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa