Colombia raises interest rates 100 bp to 12%
4 of bank's board of directors voted for increase, one voted for hike of 125 basis points, another for 25
By Ovunc Kutlu
ISTANBUL (AA) - Colombia's central bank said Friday it increased its monetary policy interest rate by 100 basis points to 12%.
Four members of the bank's board of directors voted for the action but one voted for a hike of 125 basis points. Another voted for a raise of 25 basis points, it said.
Annual consumer inflation came in at 12.5% in November, higher than expected, the central bank said.
GDP growth in the third quarter reached 7.1% annually and exceeded forecasts, it added.
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