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BanRep Governor Villar Says Board Wants To Cut Rates In Cautious Manner

COLOMBIA
  • Speaking at a bankingconference in Cartagena, BanRep Governor Villar maintained a cautious tone, saying that the Bank’s board agrees on the benefit of lower rates, but wants to proceed in a cautious manner that is conscious of inflationary effects.
  • Villar continues to see the economy growing by 1.4% this year, with inflation reaching 5.5% at the end of the year, and he is optimistic about inflation falling to target next year.
    • BanRep board agrees on benefits of lower rates (BBG)
    • BanRep estimates year end inflation of 5.5% in 2024
    • Colombia economy to expand 1.4% this year

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