Reported about 6 hours ago
Colombian President Gustavo Petro has appointed two academics, Laura Moisa and Cesar Giraldo, to the central bank's board, which may influence a shift towards faster interest rate cuts. The board has recently been divided on the pace of rate reductions needed to stimulate economic growth while managing inflation, which finished 2024 exceeding the target range. The new members are expected to align with the government's vision of rapid easing, potentially changing the dynamics at the central bank.
Source: YAHOO