Central Banks

Boycott Risk Clouds High-Stakes Colombian Central Bank Meeting

Colombia’s Finance Minister Germán Ávila

Photographer: Nestor Gomez/El Tiempo/AP Photo

Colombia’s central bank faces one of its most consequential — and potentially disastrous — meetings on Thursday, risking a clash that could paralyze monetary policy.

Amid a bitter dispute between the bank and the government, it is unclear whether Finance Minister Germán Ávila will boycott the meeting, a decision that would leave policymakers legally unable to make a interest rate decision.