US EditionColombian Academics Supported Central Bank Autonomy After Clash with Minhacienda
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Jonathan Malagon, president of Asobancaria. Photo: Asobancaria The Banking and Financial Institutions Association of Colombia (Asobancaria) publicly supported the independence of the Banco de la República and defended the role of the entity in controlling inflation, amid the debate that has arisen due to the level of interest rates and its impact on the economy. The union said that monetary policy must be kept free of political pressures to pres…
A group of deans of economics of universities of the country made a public call to protect the autonomy of the Bank of the Republic, following the recent events in the Board of Directors, where the Minister of Finance withdrew from the session in disagreement with the majority decision on interest rates. SEE MORE: Central exbankers ask to remove the Minister of Finance from the Board of BanRepublicThe academics warn that this type of episodes ca…
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