Benchmark Lending mortgage lending

Colombia’s Central Bank Raises Lending Rate to 9%

mortgage lending, home mortgage lending, benchmark lending, lending institution, consumer
Colombia’s central bank raised its benchmark lending rate a quarter percentage point as the fastest economic growth in almost three decades stokes inflation. Policy makers raised the overnight interbank rate to 9 percent, its highest since October 2001, matching estimates by 17 of 25 economists in a Bloomberg survey. The central bank has raised the lending rate 3 percentage points since April 2006.