Colombia’s Acosta says early cuts ‘a big risk’

Statement to Bloomberg contradicts wishes of president and much of business community

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

The newest member of the board of Colombia’s central bank has warned against lowering rates too soon, putting her at odds with the president who appointed her.

“There’s a big risk in easing early then having to reverse course,” Olga Lucía Acosta told Bloomberg in an interview published on October 18.

The Central Bank of Colombia has maintained its policy rate at 13.25% since April, after raising it 1,150 basis points over the previous 19 months. At the September policy meeting, the board voted

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