Monetary policy
Colombia's central bank raises rate to 11.25% in second 2026 hike amid government walkout
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Following its January hike to 10.25%, Colombia's Banco de la República raised its intervention rate by another 100 basis points to 11.25% in a tight 4-3 vote during its second meeting of the year. Finance Minister Germán Ávila walked out of the board meeting and announced the government's withdrawal from the central bank over disagreements. President Gustavo Petro backed the move and criticized the monetary policy.
Argentina's central bank cut short-term reference rates to 20% this month, below inflation levels, to capitalize on dollar inflows and rebuild hard currency reserves. President Javier Milei's government aims to boost economic growth amid slowdown signals. Analysts note concerns over peso stability impacts.
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Bank of Korea Deputy Governor Yoo Sang-dai stated that uncertainty over the US Federal Reserve's rate path has deepened following the latest FOMC decision to hold benchmark rates at 3.5-3.75% for a second consecutive meeting, amid persistent Middle East instability. The BOK will monitor risks closely and act if needed to stabilize markets.