world-economy

Colombia Resumes Rate Increases After Court Ruling Strengthens Central Bank

Colombia's central bank lifted its benchmark interest rate to 12% following a judicial decision that restored its monetary policy independence. A court ruling stripped the government of authority to block rate increases, removing a constraint that had limited the bank's ability to combat inflation. The move came as political uncertainty eased following presidential elections, bolstering confidence in the central bank's autonomy. The rate increase marks a resumption of tightening measures after the period when government intervention had stalled monetary adjustments.