Colombia Central Bank Rate Decision: Hike Expected, Hold Not Ruled Out

Colombia's central bank faces a close decision on Friday, with markets weighing a possible rate hike against a hold.

The Central Bank of Colombia is expected to announce its interest rate decision on Friday, with markets preparing for a potential rate hike while not ruling out a hold, Reuters and Finimize reported.

According to the reports, the upcoming decision by monetary policymakers is shaping up to be a close call. While expectations tilt toward policy tightening and an increase in borrowing costs, the possibility of leaving the benchmark rate unchanged remains on the table.

Further details and official figures regarding the central bank's decision are expected following the meeting.