Colombia Central Banker: Inflation Requires More Than Rate Hikes
Colombian central bank board member Cesar Giraldo stated that measures beyond interest rate increases are necessary to combat inflation. This comment follows the central bank's recent 25 basis point rate hike.
Colombian central bank board member Cesar Giraldo said measures beyond interest-rate increases are needed to bring inflation down, speaking to local radio on Friday, days after the board unexpectedly raised borrowing costs by 25 basis points. "The interest rate has been highly contractionary in real…"