Colombia’s finance minister abandons central bank meeting over latest interest rate hike

Colombia’s Finance Minister German Avila walked out of a meeting with the Central Bank’s board of directors after they decided to increase the bank’s interest rate. At a press conference, Avila said that the bank’s decision to increase the interest rate with one percentage point to 11.25% “will have a sustained and significant impact on […] The post Colombia’s finance minister abandons central bank meeting over latest interest rate hike appeared first on Colombia News.

By Adriaan Alsema