Sweet and Spicy: what's the buzz on honey infusions? | SaltWireMARRAKECH -Colombian Finance Minister Ricardo Bonilla said on Saturday his ministry was working with the central bank towards cutting its benchmark interest rate from 13.25% to 13% at October's policy meeting, with another reduction seen before year-end.
"The message of reducing the key rate is for all the banks, because today the rate is an obstacle for economic recovery," he added. Colombian President Gustavo Petro voiced disappointment over the September decision and said he hoped cuts would come soon. The central bank's technical team expects Colombia's economy to grow 0.9% this year, compared with an expansion of 7.3% in 2022.