US EditionColombians Need a Significant Cut in Interest Rates
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At last week’s meeting, the board of directors of the Banco de la República left the intervention rate unchanged by 9.25%. On this occasion, even the “hardest” expected a reduction of at least 0.5%. The justification for avoiding this important decision is not easy to understand. Inflation in the last 12 months has been falling from a peak of 13.3% in March 2023 to 4.8% in recent June, maintaining a slight but clear downward trend during 2025. T…
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