Colombia’s Central Bank Holds Interest Rates Amid Rising Inflation: BanRepública Defends Policy as Tension Grows in Senate Over Monetary Strategy
Colombia’s central bank has reiterated its stance that it cannot lower interest rates while inflation remains elevated, underscoring the ongoing tension between monetary policy objectives and government economic priorities. The Banco de la República maintains that its constitutional mandate requires it to prioritize price stability, even as policymakers debate the impact of high borrowing costs … Read more