The Bank of the Republic published this Monday the minutes of the last meeting of the Board of Directors where the decision was made to cut the interest rate by 50 basis points up to 11.75%.
“Within the Board of Directors there was consensus on the need to reduce the interest rate, in order to help economic reactivation and respond to inflation that is effectively falling and converging towards the goal. They pointed out that the fear of a strong impact of the El Niño phenomenon on food or electricity prices has been dissipating“, reads the document.
In general terms, the minutes warned that the labor market already “has begun to show details of deterioration“.
The #BanrepMinutes They help us better understand the motivations of #JuntaBanRep to make decisions #Monetary politics and are published three business days after the meeting and press conference.
See April meeting minutes
- For Latest Updates Follow us on Google News
