Colombia’s Top Central Banker Shrugs Off Attack by the President

Colombia’s Top Central Banker Shrugs Off Attack by the President

A day after Colombia’s president accused the central bank of economic sabotage for its refusal to cut interest rates, bank Governor Leonardo Villar said that dealing with political pressure is “part of the job.”

Colombia's Central Bank Holds Interest Rates at 9.5% Amid Inflation Pressures and Political Dispute

Colombia’s central bank maintained its benchmark interest rate at 9.5% during its first 2025 policy meeting, reflecting ongoing inflation concerns despite recent declines. Four of seven board members favored the hold, while three pushed for a 50-basis-point cut. The decision exposes deepening tensions between monetary authorities and President Gustavo Petro’s administration, which argues high borrowing […]

In the afternoon of Monday, the Banco de la República has repeated the decision to keep the interest rates unchanged for the second time this year at 9.5%. With great anticipation of the presence of a new finance minister, Germán Ávila, and the premiere of two co-directors appointed by President Gustavo Petro, the board of the issuer agreed, with a tight vote of 4 to 3, to postpone the sequence of cuts that, since December 2023, has been execute…

President Gustavo Petro strongly criticized the Bank of the Republic after confirming that the bank's board of directors will maintain the interest rate at 9.5%. The president called the decision unacceptable and politically motivated to curb the country's growth. "While unemployment is falling sharply and employment is rapidly increasing, the board of directors of the Bank of the Republic, for exclusively political reasons, is seeking to contai…

President Gustavo Petro rejected the decision of the Bank of the Republic to maintain interest rates at 9.5%. President Gustavo Petro rejected the decision of the Bank of the Republic to maintain interest rates at 9.5%, of which he blamed the Uribismo who, he said, tries to curb the economic success of his government. Petro stated in a long publication in his account of X that the board of directors of the Bank of the Republic, “for purely polit…

The Bank of the Republic keeps the interest rate at 9.5%. Knows how this decision impacts credit, investment and the economy