The package of measures that Petro proposed to mitigate the effects of the war in Iran on inflation
Portafolio Journalist 04/01/2026 18:15 Updated: 04/01/2026 18:15
TL;DR
- President Petro proposed measures to mitigate inflation caused by the Middle East conflict.
- He criticized the Central Bank's decision to raise interest rates to 11.25%.
- Petro believes the rate hike negatively impacts the economy and public welfare.
- Proposed measures include promoting low-interest housing, expanding credit for the popular economy, and accelerating agrarian reform.
- The President also suggested reducing fossil fuel consumption.
- Tensions are high between the government and the Central Bank regarding monetary policy.
- The Finance Minister resigned from a Central Bank meeting in protest of the interest rate increase.