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Asofondos Event Continues, Presidential Candidates Speak

COLOMBIA
  • Colombia pension funds event continues – the agenda can be found here:
    • 0830 local time: Colombia Finance Minister Jose Manuel Restrepo speaks.
    • 1045 local time: Colombia presidential candidates debate their pension reform proposals.
  • Colombia’s economy is probably now operating at its full capacity following its recent strong growth, according to central bank co-director Roberto Steiner.
    • On inflation Steiner stated Core inflation is performing better than headline and that expectations suggest inflation will be high for a while.
    • Expectations are falling. “Two years from now they are closer to 4%, which is still higher than one would like to see given that the target is 3%, but that’s a dynamic that is acceptable, welcome.”
    • Steiner reiterated that here are different opinions about the speed with which the monetary stimulus should be withdrawn.
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