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Reuters
Reuters
Business
By Luis Jaime Acosta

Former Colombian finance ministers criticize Petro comments on central bank

Gustavo Petro Colombia Twitter Inc. Sergio Guzman Inflation
FILE PHOTO: Colombia's President Gustavo Petro attends a meeting to review cooperation on security, trade and climate change issues, at the headquarters of the Colombian Presidency, in Bogota, Colombia October 3, 2022. REUTERS/Luisa Gonzalez/Pool/FIle Photo

A string of former Colombian finance ministers criticized the Andean country's President Gustavo Petro on Thursday after he took to Twitter to question the central bank's decision to hike its benchmark interest rate last week.

Last Thursday the bank's board voted by majority to raise the rate by 100 basis points to 10%, inline with other central banks as world monetary policy authorities struggle with rampant inflation.

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