Analysts see increased odds that Colombia’s central bank will ditch the idea of an interest-rate cut at its next meeting in the wake of the finance’s minister surprise exit just three months into the job.
The surprise exit of Colombia's finance minister, just three months into the job, increases the likelihood that the central bank will hold interest rates steady at its next meeting. Analysts cite concerns over fiscal risks and President Petro's handling of the budget as reasons for revising expectations of a rate cut.
