Colombian president criticises central bank’s rate increases
Finance minister argues tighter policy could bring recession without reducing inflation
Colombian president Gustavo Petro has criticised the central bank’s monetary policy, warning its recent rate hikes could trigger a recession.
Petro’s comments on a Twitter thread on October 5 followed the Bank of the Republic’s 100 basis point policy rate rise on September 29. He was responding to the publication of the September inflation reading by Colombia’s statistics agency.
Consumer price inflation reached 11.44% in September, the agency reported, up from 10.8% in August. The central
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