Colombia Central Bank raises Overnight Lending Rate by 75bps to %; not expected

**Note: Resumes rate hikes (3rd overall) under the current tightening cycle. Analysts had expected Colombia to have raised the raise Overnight Lending Rate by 50bps to 11.75% Statement: **Insight: Colombia Central Bank has raised the Overnight Lending Rate three times under the current tightening cycle by a total of bps (from 200bps)