Colombia’s Finance Minister Walks Out of Central Bank, Paralyzing Monetary Policy
Key Points — Colombia’s Finance Minister walked out of the central bank board meeting mid-session, leaked the rate decision before official announcement, and declared he would not return — the first such incident in 35 years of central bank independence — The Banco de la República cannot legally make policy decisions without the Finance Ministry […] The post Colombia’s Finance Minister Walks Out of Central Bank, Paralyzing Monetary Policy appeared first on The Rio Times.
Key Points — Colombia’s Finance Minister walked out of the central bank board meeting mid-session, leaked the rate decision before official announcement, and declared he would not return — the first such incident in 35 years of central bank independence — The Banco de la República cannot legally make policy decisions without the Finance Ministry […]
The post Colombia’s Finance Minister Walks Out of Central Bank, Paralyzing Monetary Policy appeared first on The Rio Times.
