In this sense, he claimed that by 2023 a economic growth of 1.2%, which would be driven by the public administration, artistic activities and financial activities.
Bonilla explained that in January 2024 the inflation continued to decline for the tenth straight month, consolidating into single digits.
“The interest rates of Finance system they stay high. Likewise, the portfolio of credit institutions has shown a sharp contraction, especially in consumer and commercial modes. This is in line with a decline in numbers payoutsBonilla said.
In that order of ideas, he reiterated that reducing inflationary pressures would make this possible Bank of the Republic lower the interest ratesas expected by the market.
“This minor monetary policy rate “It would create room for commercial banks to reduce their lending rates,” the bank said Minister of Finance.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
