Colombia Holds Key Rate at 9.25% After Two Credit Downgrades
Colombia 's central bank resisted government pressure to slash interest rates a day after the nation's deteriorating fiscal outlook triggered two ratings downgrades.
The bank's board left the benchmark rate unchanged at 9.25% on Friday in a split decision, Governor Leonardo Villar told reporters in Bogota. Of 32 analysts surveyed by Bloomberg, 27 correctly predicted the move, while five had forecast a quarter-percentage-point cut.
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Tesla Is Set To Report Deliveries Wednesday. Here's What To Expect.
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These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest. There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. A 30-year fixed-rate mortgage has relatively low monthly payments because you're spreading your repayment out over a longer period of time than with, say, a 15-year mortgage. Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn't going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes. The main disadvantage to 30-year fixed mortgage rates is mortgage interest — both in the short and long term. A 30-year fixed term comes with a higher rate than a shorter fixed term, and it's higher than the intro rate to a 30-year ARM. The higher your rate, the higher your monthly payment. 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Best high-yield savings interest rates today, June 28, 2025 (earn up to 4.31% APY)
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