Colombia to Hike Interest Rate in Last Petro-Era Meeting

Colombia's central bank is expected to increase its interest rate for the second consecutive month as inflation speeds up toward the end of President Gustavo Petro's term, which was marked by ongoing friction with the monetary authority. This move comes as the bank aims to combat rising prices and stabilize the economy. The decision holds significance as it marks the last policy meeting during Petro's presidency, indicating a shift in economic strategy as the new administration takes over.