Colombia’s Inflation Hits Two-Year High of 6.14% Despite 12% Interest Rate

Economy · Colombia Key Facts —The reading. Colombia’s annual inflation reached 6.14% in June, a two-year high and above every analyst forecast. —The rate. The figure landed just over a week after the central bank raised its benchmark interest rate to 12%. —The hike. Banco de la República lifted the rate by 75 basis points…