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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.
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Free AccessBanRep's Villar Says Needs To See Faster Drop In CPI Inflation To Accelerate Rate Cuts
- Speaking at the post-meeting press conference, following the 50bp rate cut, Governor Villar said that the central bank will continue cutting the interest rate, but needs to see a faster drop in inflation to cut at a faster pace. Policymakers are confident that inflation will slow to target, however.
- On the peso, Villar said that the recent drop in the currency doesn't merit FX intervention, adding that the central bank is careful not to provide forward guidance and that the real rate is lower than some LatAm peers.
- It was noted that BanRep co-director Jaramillo was absent from the meeting and didn't vote in the policy decision.
- “Colombia needs to see faster drop in CPI to cut faster: Villar”
- “Colombia cenbank board confident CPI to slow to target”
- “Colombian peso drop doesn't merit FX intervention”
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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.