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BanRep Need More Certainty On Expectations Before Easing: Acosta

COLOMBIA
  • Colombia central bank co-director Olga Lucia Acosta speaks in Bloomberg interview:
    • Sees risks for Colombia in cutting rates too soon
    • Colombia needs more certainty on CPI expectations
    • Colombia is getting close to conditions to cut rates
    • Colombia potential GDP growth seems to have fallen (BBG)
  • From the article:
    • “There’s a big risk in easing early then having to reverse course,” co-director Olga Lucia Acosta said Tuesday, in her first interview since she was appointed by President Gustavo Petro last year.
    • “We have to stick to the task,” Acosta said. “We have to wait for better results, and I believe they will be there soon.”
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