Economy & Business - November 2022

COLOMBIA: Markets wobble as Petro gets to work

Several Colombian presidents have criticised central bank policy at some point or another, but few have been punished by financial markets as swiftly and as harshly as President Gustavo Petro. Before taking the country’s highest office, Petro had frequently taken aim at the central bank, but now his words carry a different weight. His criticism, which came in addition to industry fears of restraints on the hydrocarbon sector and the issuing of new government debt, contributed towards the peso falling to an all-time low against the dollar,

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