Best to hold Colombia interest rates after S&P cut: finance minister
Mauricio Cardenas
BOGOTA (Reuters) - Colombia’s central bank should take a pause in monetary policy this week and leave the interest rate stable to evaluate a decision by Standard & Poor’s to lower the nation’s long-term foreign currency rating   Finance Minister Mauricio Cardenas  said on Tuesday.
FILE PHOTO:  Colombia's Finance Minister Mauricio Cardenas  speaks during an interview with Reuters in Bogota  Colombia August 8  2017. REUTERS/Jaime Saldarriaga
 Cardenas  is one of seven policymakers and represents the government on the board.
 He  said on Monday the country had already taken steps to stabilize the economy  including last year’s tax reform  monetary policy that lowered inflation and adjustments to the peso to close a trade gap.
BOGOTA (Reuters) - Colombia’s central bank should take a pause in monetary policy this week and leave the interest rate stable to evaluate a decision by Standard & Poor’s to lower the nation’s long-term foreign currency rating   Finance Minister Mauricio Cardenas  said on Tuesday.
FILE PHOTO:  [TGT]speaks during an interview with Reuters in Bogota  Colombia August 8  2017. REUTERS/Jaime Saldarriaga
 [TGT]is one of seven policymakers and represents the government on the board.
 [TGT]  said on Monday the country had already taken steps to stabilize the economy  including last year’s tax reform  monetary policy that lowered inflation and adjustments to the peso to close a trade gap.