Central Bank of Colombia faces presidential call to cut rates

colombia

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

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