Colombia’s central bank hikes lending rate to 12.25% from 12%

The signal here is direction, not size: a quarter-point move after what had been a broadly easing global backdrop suggests Colombia's central bank is still prioritizing inflation control over growth support. For local credit conditions, the peso, and any peso-denominated or Colombian asset exposure, the relevant question is whether this is an isolated adjustment or the start of a renewed tightening phase. The announcement gives no vote breakdown or forward guidance, so the next policy communication matters more than this decision itself.