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BanRep Co-Director Jaramillo Says More Convincing Evidence To Halt Hikes

COLOMBIA
  • COLOMBIA RATE INCREASES HAVE HELPED DEFEND THE PESO: JARAMILLO (BBG)
  • CENTRAL BANKER SAYS FISCAL GAP IS KEY FOR COLOMBIA RATE MOVES (BBG)
  • A top Colombian policy maker says he wants to see signs the fiscal deficit is narrowing and inflation on a decisive downward path before voting to halt interest rate rises. (Bloomberg)
  • “Inflation needs to reach a turning point, but a sustained one,” central bank co-director Jaime Jaramillo said Thursday, in an interview in Cartagena. “And I would also like to see that fiscal policy is going in the right direction.”
  • While the real interest rate is positive, which is necessary for inflation to slow, “that doesn’t mean we’re going to stop there,” he said.

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