Colombia’s Interest Rates ‘Strangle’ Economic Growth, Petro Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

President Gustavo Petro lashed out at Colombia’s central bank Wednesday evening, saying that the country’s weak economic growth is due to restrictive interest rates that are throttling internal demand.

Oil Ticks Higher on US Stockpile Decline and Wider Risk-On MoodChina’s Top Coal Province to Raise Output to Boost Local EconomyYen Surges Versus Dollar as CPI Shows Easing Inflation PressuresTexas Is Warned of Blackout Risk as Sun Sets This SummerBanks Say Hedge Funds’ Short Aussie Bets at Risk of BackfiringChina’s Junk Dollar-Bond Prices Rise to Highest Since 2021Dreyfus Bid for Namoi Raises Australian Competition ConcernsJapan’s Economy Contracts as Consumers, Firms Cut SpendingArchegos...

4 Billion PeopleDeadly US Oil Blast Exposes Risks of Pushing Profits Over SafetyOne Oil Cargo’s Odd Journey Highlights a Global Market in FluxBrazil Assets Drop as Firing of Petrobras CEO Roils MarketsMeat Producer JBS in Talks With Potential Partner on BiogasCopper Short Squeeze in New York Is Felt Across Global MarketHybrids Delivering Cash Chest for Toyota, Honda’s EV AmbitionsMacron Calls State of Emergency Over Protests in New CaledoniaSlovak Premier in ‘Very Serious’ Condition After...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Student loan interest rates rise: How affordable is college now?Student loan interest rates will be at a decade-high as the Department of Education released its rates for 2024 to 2025, raising it 6.53%. To talk about the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Retail sales were unchanged in April from March as inflation and interest rates curb spendingNEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number following a revised 0.
Source: SooToday - 🏆 8. / 85 Read more »

Retail sales were unchanged in April from March as inflation and interest rates curb spendingNEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Latest US inflation report may provide clues to future path of prices and interest ratesWASHINGTON (AP) — It's perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Two ways to approach saving amid high interest ratesThe Producer Price Index (PPI) report for April was hotter than expected, rising 0.5%. Founder and CEO of Lazetta & Associates Lazetta Rainey Braxton joins...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Cohn Says High Interest Rates Block Investors From Taking RisksAn extended period of elevated interest rates is preventing investors from taking risks as they choose to put funds in safer government debt instead, said Gary Cohn, who served as chief economic adviser to former President Donald Trump.
Source: BNNBloomberg - 🏆 83. / 50 Read more »