Reported 2 months ago
Colombia's central bank has adjusted its 2024 inflation outlook from 5.5% to 5.7%, remaining above the long-term target of 3%. The forecast predicts improved economic recovery and a growth rate of 1.8% for the second quarter of 2024. In a recent move, the central bank lowered its benchmark interest rate to 10.75%, marking its sixth cut since December.
Source: YAHOO