April 30, 2024 19:17 GMT
BanRep's Villar Says Inflation Must Fall More To Speed Up Rate Cuts
COLOMBIA
- Speaking at the post meeting press conference, following the 50bp rate cut, Governor Villar has continued to strike a cautious tone, noting the deterioration in external conditions and still high CPI inflation:
- VILLAR: COLOMBIA INFLATION MUST SLOW MORE TO SPEED UP RATE CUTS (BBG)
- COLOMBIA'S 50BPS RATE CUT WAS 'SIGNIFICANT': VILLAR
- VILLAR SAYS EXTERNAL FINANCIAL CONDITIONS HAVE TIGHTENED
- COLOMBIA HAS LESS FLEXIBILITY FOR RATE CUTS GIVEN CPI: VILLAR
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