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.

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.