Grupo Cibest Expects Colombia to Raise Rates to 12.50% and the Fed to Hold
Colombia’s central bank, the Banco de la República (Bank of the Republic), would raise its policy rate by 25 basis points on October 30, from 12.25% to 12.50%, while the US Federal Reserve would hold its own rate at 3.75% to 4.00% two days earlier, on …