Petro: Colombia Rate Cut Tied to Bank Board Election
Colombia’s Central Bank Holds Steady on Interest Rates Amidst Petro’s Criticism Bogotá, Colombia – The Banco de la República, Colombia’s central bank, announced today that it will maintain its benchmark interest rate at 9.25% for the sixth consecutive time, a decision that has drawn sharp criticism from President Gustavo Petro. The move comes as inflation … Read more