Colombia Finance Ministry, Business Groups Make Rare Joint Plea for Interest Rate Cuts

Bonilla makes rare statement with bankers, industrialists
Inflation is currently four times the central bank’s 3% target

Bruce Mac Master, head of the ANDI business group; Finance Minister, Ricardo Bonilla; Jonathan Malagon, head of the Asobancaria banking association.

Fuente: Colombia Finance Ministry

Colombia’s Finance Ministry joined the nation’s top bankers and industrialists in calling for interest rate cuts to revive the weak economy.

In a rare combined statement, Finance Minister Ricardo Bonilla added his voice to the private business groups asking the central bank to ease monetary policy sooner rather than later.

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Colombia Finance Ministry, Business Groups Make Rare Joint Plea for Interest Rate Cuts