Trump Wants ‘Phenomenal’ Offers, Stocks Extend Declines, More

Colombia’s central bank defied political pressure and held interest rates unchanged for a second straight meeting as policymakers fret about accelerating inflation and the widest fiscal deficit since the pandemic.

President Donald Trump’s shake-up of the global trading system is hurting US assets more than those in many of the big economies he has just slapped with additional tariffs.

Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices, Central Bank Chairman Guillermo Tolosa said in an interview.