Colombia government, business leaders call for interest rate cut ...Middle East

A employee counts Colombian pesos at a store in Bogota, Colombia December 28, 2018. REUTERS/Luisa Gonzalez Acquire Licensing Rights BOGOTA, Sept 4 (Reuters) – Colombia’s government and industry associations called on the central bank to lower interest rates on Monday and urged business leaders to resume investment decisions, in a bid to shore up the economy. Latin America’s fourth-largest economy expanded 0.3% in the second quarter, much less than expected. The central bank has forecast growth of 0.9% for 2023, well below the 7.3% growth last year. “We need to recover the economy,” Finance Minister Ricardo Bonilla said in a statement after meeting with Colombia’s major business ass

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