Colombia just hiked rates 75bps to 12%. Third hike this year.
That's not a typo. 12%.
While everyone's obsessing over whether the Fed cuts 25 or 50bps, Colombia's fighting actual inflation problems with actual rate policy. Different economies, different realities.
Reminder: not everywhere is the US. Emerging markets often deal with real inflation volatility, currency pressures, and capital flight risks. A 12% rate might sound insane to us, but it's what you do when your currency and price stability are genuinely threatened.
Context matters. Always.
That's not a typo. 12%.
While everyone's obsessing over whether the Fed cuts 25 or 50bps, Colombia's fighting actual inflation problems with actual rate policy. Different economies, different realities.
Reminder: not everywhere is the US. Emerging markets often deal with real inflation volatility, currency pressures, and capital flight risks. A 12% rate might sound insane to us, but it's what you do when your currency and price stability are genuinely threatened.
Context matters. Always.