Leonardo Villar acknowledges high rates hurt housing but rules out hasty cuts

FinanceColombiaEl TiempoOct 22, 2026, 9:45 AM30 s readAI summary

At the 2026 Colombian Construction Congress, Banco de la República governor Leonardo Villar acknowledged that high interest rates are a problem for housing construction in Colombia. While he said he would "love" to lower them, he warned that the board will remain cautious to avoid a resurgence of inflation and will not apply artificial cuts that jeopardize disinflation.

In 30 seconds

Villar said that in housing construction "high interest rates are a problem."
He said he would "love" to cut rates, but only in a sustainable way.
He argued that high rates are a necessary requirement for inflation to fall.

Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

Banco de la República
tasas de interés
vivienda
inflación
política monetaria

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Leonardo Villar acknowledges high rates hurt housing but rules out hasty cuts

In 30 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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