Colombia Raises Rates; Ecuador GDP Growth Outpaces Forecasts

A roundup of Thursday’s news from across Latin America

Bloomberg Línea
April 01, 2022 | 12:10 AM

Bloomberg Línea — Colombia’s Bank of the Republic raised interest rates by 100 basis points to 5%, lower than most analysts expected, and Ecuador’s 2021 GDP growth was 4.2%, exceeding the most recent forecast of 3.55%, the country’s Central Bank reported.

On the region’s stock markets, Mexico’s main index rebounded to post the best performance in Latin America on Thursday, with the S&P BMV/IPC index (MEXBOL) ending the day up 1.29%. The shares that had the sharpest rises were those of Arca Continental (AC*), Controladora Vuela Cia (VOLARA) and Coca-Cola FEMSA (KOFUBL).

Following is a roundup of Thursday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Colombia:

Dominican Republic:

Ecuador:

  • Ecuador’s GDP grew by 4.2% in 2021, exceeding the last growth forecast of 3.55%, the Central Bank reported. Household consumption gave the economy its biggest boost, and which exceeded 2019 levels.

Mexico:

Panama:

Peru:

Uruguay:

Venezuela: