US EditionFiscal Crisis Is No Obstacle to Lower Rates, According to Three Co-Directors of Banrep
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The Banco de la República, the central bank of Colombia, has warned about the reduction of the margin of manoeuvre to cut the interest rates of the current 9.25% if the fiscal deficit continues to rise in the country.
The Banco de la República handed over monetary policy minutes setting out the reasons why it was decided to leave interest rates unchanged at 9.25% in June and the arguments of the three co-directors who do not see in the fiscal crisis a reason to stop rate cuts. SEE MORE: Banco de la República maintained the interest rate unchanged, at 9.25% According to the central bank document, the directors who voted for a 50-point reduction maintained that…
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