“I do not agree with maintaining the rate”: Minister of Finance

“I do not agree with maintaining the rate”: Minister of Finance

Regarding the increase in gasoline prices, which has implications for inflation in the country, Ricardo Bonilla warned that fuel prices will continue to rise.

‘The most important conclusion from the discussion about reducing inflation is the weight of the fuel. Colombia is one of three Latin American countries that have frozen fuels. When the Bank of the Republic refers generally to the inflation rate of other countries and says that they have fallen rapidly, those countries say They never frozen fuel, then inflation has indeed fallen rapidly in Peru, Chile and elsewhere, but this cannot be our reference point. Our reference point is that inflation of other elements here is decreasing, but that of fuel continues to rise. “There are discussions with some trade unions to reach an agreement on how these prices will be adjusted.”

Bonilla emphasized that the Fuel Price Stabilization Fund deficit, “when the gap is closed, will reach $100 billion.”

Source: El heraldo

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