Colombian government and private sector issue joint call for cuts

Finance minister talks of “economic deceleration”, but inflation is still in double digits

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

Colombia’s finance ministry joined the national banking association and a business group to call on the Central Bank of Colombia to cut interest rates on September 4.

In a joint statement, the three institutions said data on household spending indicates “the necessity of bringing forward possible cuts in the Bank of the Republic’s [the central bank] policy rate”.

Finance minister Ricardo Bonilla told a press conference at his ministry that the country had entered a period of “economic

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