Colombia Central Bank Study: La Guajira, Meta, Bolívar Most Hurt by Rate Hikes

A Bank of the Republic study identifies Colombian departments most sensitive to unexpected interest rate increases, with La Guajira, Meta, and Bolívar showing the largest declines in economic activity. This suggests regional heterogeneity in monetary policy transmission, potentially informing future policy decisions. The finding is based on the bank's own research, but the underlying methodology and data are not detailed in the report.