The Central Bank of Colombia has become the latest central bank to come under pressure to adopt a more expansionary monetary policy, following calls by the country's president, Juan Manuel Santos, to cut benchmark interest rates in Colombia.
The Colombian central bank has "ample room" to pursue a looser monetary policy, according to a senior capital markets banker based in Bogota, speaking to Centralbanking.com after Santos yesterday said he would ask the Banco de la República to lower its bench
- Bank of Mexico admits $15.2 million went missing in cyber heist
- Is this the beginning of a new era of credit risk management technology?
- Argentina rescue advances as emerging markets suffer outflows
- Artificial intelligence: The future of regulation?
- Norges Bank does not rule out launching digital currency