Colombia ETFs: Rate Hikes in Response to Stellar Growth | Page 2 of 2 | ETF Trends

“Aggregate demand has maintained strong growth in the context of near full employment,” Uribe said in the article. “At the same time, inflation expectations are close, or slightly higher, than 3 percent.”

However, Colombian consumers were up 2.8% in June from a year earlier, the slowest among Latin America’s largest economies. The central bank, though, may still have room to push off further rate hikes as it has a 3% inflation target.

Global X FTSE Colombia 20 ETF

For more information on Colombia, visit our Colombia category.

Max Chen contributed to this article.