MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BanRep Co-Director Says No Need For Emergency FX Intervention Now

COLOMBIA
  • Central bank co-director Mauricio Villamizar said that foreign exchange intervention to ease COP volatility is a tool the central bank has, however, there is no “emergency” at this present moment that would merit its use.
  • Speaking in a webcast panel organized by Valora Analitik, Villamizar did add that this can change at any time and that the Colombian peso has been hit by the risk coming from the high twin deficits. He said that Colombia FX markets have enough liquidity, but there’s been a lot of volatility.
    • The comments come following recent comments from the finance minister that FX intervention would be discussed at the December 16 BanRep meeting.
  • Today, central bank Governor Leonardo Villar participates in an event on payment systems organized by the bank.
  • Also, minimum wage negotiations will continue between the government, employers and unions.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.