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BanRep Governor Villar: Colombia Want To Avoid Persistent High Rates

COLOMBIA
  • Colombia Central Bank Governor Leonardo Villar is speaking in a panel about the country’s economic outlook in Bogota. Headlines so far include:
    • COLOMBIA'S MONETARY POLICY TIGHTENING HAS BEEN STRONG
    • COLOMBIA'S ECONOMY WILL GROW PRACTICALLY 0% THIS YEAR
    • COLOMBIA WANTS TO AVOID PERSISTENT HIGH LENDING RATES
  • Following the COP recovery on Wednesday, Citi have noted that 5000 is going to be a floor for COP and that they expect 4500-4900 are the expected parameters for short-term trade. USDCOP last trades at 4868, down 0.57% on the day.

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