November 1, 2024
Colombia | Banco de la Republica reduced its policy rate by 50 bp to 9.75%
The Board of Banrep reduced its monetary policy rate by 50 bps, bringing it to 9.75%. This decision was split, with 4 members in favor of the 50 bp reduction and three members voting for a larger reduction of 75 bp. The balance reached at the last meeting remain unchanged.
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