Can Banrep survive schism with government?
Finance minister’s withdrawal from board could prevent next two rate decisions from going ahead
The Central Bank of Colombia (Banrep) is facing mounting pressure from president Gustavo Petro’s administration for tightening monetary policy, raising questions about the future of the institution’s independence.
Relations between the government and central bank ruptured dramatically at its last interest rate meeting on March 31. Finance minister Germán Ávila, one of seven board members, left the meeting in protest at the decision to hike rates and declared that he would no longer sit on the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Tillis holds firm over Warsh’s confirmation as Fed chair
Senator still intends to block appointment unless criminal probe into Powell is dropped
Governance Benchmarks 2026 – model banks analysis
Data reveals differences between groups in board composition, legal protections and more
Trump to Powell: If you don’t jump, I’ll push you
President threatens to fire Fed chair next month and says criminal probe into central bank must continue
Central banks should stick to what they know, say governors
Focusing on key existing objectives is preferable to taking on new ones, say panellists
Governance Benchmarks 2026 – executive summary
Benchmarks data explores many legal issues, including scope of central bank law, independence and legal protections for governor
Governance Benchmarks 2026 – legal matters
Data reveals challenges relating to financial independence and legal protections for officials
MNB found more than 4,000 issues with renovated HQ – report
Shoddy workmanship and leaky ceilings at Hungary’s central bank among issues named
Governors still lack immunity
Benchmarks data gives mixed picture on the protections officials can expect from criminal and civil actions