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

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: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: