Unexpected drop in inflation squashes rate rise fears

Surprisingly soft inflation figures suggest the Reserve Bank will not be lifting interest rates in coming months - and maybe not for the rest of the year.

Surprisingly soft inflation figures suggest the Reserve Bank will not be lifting interest rates in coming months - and maybe not for the rest of the year.

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 poi

Economists have said they still expect a majority of the Bank’s rate-setting committee to opt to keep the base interest rate at 3.75 per cent