Free Trial

President Petro Makes Plea For Lower Interest Rates

  • It is worth recalling that late yesterday, President Petro made a plea to the central bank to cut rates. BanRep need to start monetary easing since inflation is slowing and tight money is hurting growth, President Gustavo Petro said.
    • “The real economy is shrinking basically due to high interest rate,” Petro said in a post on the social media platform X. “I ask the central bank to lower it, given that we have controlled inflation”.
    • Petro’s comments come after Q2 GDP report showed that the economy shrank 1% from the previous quarter, below the -0.3% estimate.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.