Colombia government, business leaders call for interest rate cut
Published on: Monday 04 September 2023
Colombia's government and industry associations called on the central bank to lower interest rates on Monday and urged business leaders to resume investment decisions, in a bid to shore up the economy. "We need to recover the economy," Finance Minister Ricardo Bonilla said in a statement after meeting with Colombia's major business associations. Between April and June private investment in Colombia plummeted 24% versus the year-earlier period.
News source: https://finance.yahoo.com/news/colombia-government-business-leaders-call-202151570.html