Interest rates: Petro criticizes Banrep’s decision to leave them still for August

This Thursday, the Board of Directors of the Bank of the Republic He informed that the monetary policy interest rate for August will remain in 9.25%.

Different from what was expected from the government, The issuer decided not to touch the intervention rate and maintain the cautious attitude, recognizing inflation -related risks, maintaining its expectation of the CPI over the goal.

(You may be interested: Bank of the Republic decided to maintain the interest rate at 9.25%).

Banrep also took into account that the country’s external financing conditions face a complex context, Marked by global commercial tensions, a great uncertainty for conflicts in several regions of the world, and the slow expected normalization of monetary policy in the United States.

According to him Director of the Central Bank, Leonardo Villarfour members of the Board of Directors voted in favor of this decision, two for a reduction of 50 basic points and one for a 25 -cut.

(Keep reading: Why did the Federal Reserve decided to keep its interest rate the same for August?).

The Banrep wants to ‘end the Colombian economy’: Petro

From the National Government it has been insisting on reducing the interest rate as a useful measure to boost the economy; nevertheless, The issuer has remained firm to keep the caution, as Leonardo Villar has mentioned in recent months.

(Further: Federal Reserve of the United States. Uu. He left interest rates for August).

This, however, has made noise in the President Gustavo Petrowho, after the decision to maintain the frozen rate was revealed, mentioned in its social redewants to end the Colombian economy“

“It is obvious. The Bank of the Republic wants to finish the Colombian economy, because it is committed electorally with a lot of irresponsibility“He said.

On the issuer’s side, no response has been issued. What is known, according to Leonardo Villar, is that the entity seeks to keep caution in its monetary policy decisions in the coming months.

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