Colombia Warns President's Statements Could Undermine Investor Confidence

Colombia Warns President's Statements Could Undermine Investor Confidence

By
Giovanni Santiago Flores
1 min read

Colombia has issued an unusual warning regarding the government's statements from President Gustavo Petro, citing the risk of undermining investor confidence, as stated in the minutes from the central bank's meeting last month. On March 22, the central bank accelerated the pace of interest rate cuts by 0.5%, bringing it down to 12.25%, as inflation rates dropped to a nearly two-year low amid sluggish economic growth.

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