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 central bank held the key rate steady at 13.25% in September for the third time in a row, citing stubborn inflation. Bonilla said inflation was set to reach 9.2% at the end of 2023.Two members voted for a borrowing cost decrease at the board's September meeting, though the bank does not reveal how each member voted. Five members voted in September to keep borrowing costs at 13.25%.
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