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Bank of the Republic Insisted that There Are Inflationary Risks that Prevent Lower Rates
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He also stated that there is a risk of an overflowing increase in the minimum wage, which would have significant inflationary effects and delay the target of 3 per cent.
·Bogotá, Colombia
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President Petro and his questioning of the Banco de la República for not lowering interest rates Photos: Presidency and Banco de la República. President Gustavo Petro’s government once again set out its discomfort with the Board of Directors of the Banco de la República for not lowering interest rates. The minutes of the most recent decision indicate that the president’s statements regarding the increase in the minimum wage of 2026 conditioned t…
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