Alberto Casas: without the fiscal rescue law, Colombia would face recession, not inflation
In an interview with Caracol Radio's 6AM W, journalist, politician and diplomat Alberto Casas said inflation is felt in the cost of living, with food, non-alcoholic beverages, accommodation, public services, restaurants and hotels among the largest monthly variations. He argued that the only way out is raising interest rates, even though that cools the economy, and warned that if the country does not accept the fiscal rescue law there will be no inflation but recession, with one of every two pesos the government receives going to debt payments.
In 45 seconds
- Casas said the only way to tackle inflation is raising interest rates, even though that cools the economy
- He said food, non-alcoholic beverages, accommodation, public services, restaurants and hotels concentrated the largest monthly variations
- He warned that without the fiscal rescue law the country would head to recession, with one of every two pesos the government receives going to debt payments
Read the full story at Caracol Radio
IASummary generated by artificial intelligence from a story by Caracol Radio. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.