US EditionGustavo Petro Warns that if the Bank of the Republic Continues to Raise Interest Rates, It Will Raise the Minimum Wage Again
8 Articles
8 Articles
The announcement took place on the night of April 21 at the Council of Ministers.
The president of Colombia, Gustavo Petro, announced this Tuesday his intention to increase the minimum wage in the country if the Bank of the Republic raises interest rates. The possibility was revealed during a council of ministers in which the president said: “If the [Bank of the Republic] board continues in that nonsense in which it goes, because we raise the salary again.” The president supported his idea in the fact that, according to the C…
The president attributed the rise in inflation to external factors and alleged practices in the energy sector, and argued that wages must protect the purchasing power of citizens
The president of Colombia, Gustavo Petro, said that if the Bank of the Republic continues to raise interest rates, the minimum wage will be raised again in the country. SEE MORE: Minister of Finance puts on the table to increase the inflation target to meet it “If they raise the interest rate more, we protect more,” said Petro, while asking his Minister of Finance, Germán Ávila, to join because “the constitution speaks of living and mobile wages…
The warning was given by President Gustavo Petro to his Minister of Finance, Germán Ávila, last night on the Council of Ministers. Petro again criticized the increases in the interest rate by 200 points so far this year by the Board of Directors of the Bank of the Republic, an independent body from which the government rose from the table. “If the Board continues with this nonsense, we will raise the salary again,” said Petro. #POLITICS Presiden…
Can the minimum wage be raised in the middle of the year? President Petro’s proposal triggers legal and economic debate TuBarco News The idea arises in response to the decisions of the Banco de la República, but experts warn that the law does not contemplate increases outside the annual calendar. Noticias Colombia. President Gustavo Petro raised the possibility of an additional increase in the minimum wage in Colombia in the event that the Banco…
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