Colombian president criticises central bank’s rate increases

Central Bank of Colombia, Bogota
Central Bank of Colombia, Bogota

Colombian president Gustavo Petro has criticised the central bank’s monetary policy, warning its recent rate hikes could trigger a recession.

Petro’s comments on a Twitter thread on October 5 followed the Bank of the Republic’s 100 basis point policy rate rise on September 29. He was responding to the publication of the September inflation reading by Colombia’s statistics agency.

Consumer price inflation reached 11.44% in September, the agency reported, up from 10.8% in August. The central

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