Colombian government and private sector issue joint call for cuts

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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