Economics
Colombia to Cut Tariffs on Almost 200 Items to Fight Inflation
- Colombia’s Jose Manuel Restrepo speaks in television interview
- Says central bank should seek equilibrium with rate hikes
This article is for subscribers only.
Colombia will reduce tariffs on almost 200 items likely starting next week as part of efforts to help curb the fastest inflation since 2016, according to one of the nation’s top economic policy makers.
Those import tariff cuts will be mostly in the agriculture sector, Finance Minister Jose Manuel Restrepo said in a Bloomberg Television interview on Wednesday with Shery Ahn. Food prices drove Colombia’s inflation in January, accelerating 20% from a year earlier, according to government statistics.