Colombia’s Top Central Banker Shrugs Off Attack by the President

A day after Colombia’s president accused the central bank of economic sabotage for its refusal to cut interest rates, bank Governor Leonardo Villar said that dealing with political pressure is “part of the job.”

“The bank has been attacked and asked to undertake different actions at many points in history,” Villar said Tuesday, in an interview in Bogota. “But what everybody knows is that the bank has always acted in the interests of the nation and not responded to these types of requests.”