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Central Bank's Soto on the wires

COLOMBIA

Colombia central bank co-director Soto:

  • Says Colombia international reserves level are 'adequate'
  • Says Colombia inflation is not a concern
  • Says Colombia central bank sees 2021 inflation at 2.7%
  • Colombia current account deficit seen at 3.7% of GDP in 2021
  • Debt sustainability is Colombia's biggest challenge
  • Colombia unemployment rate seen closer to 13% by year-end (all bbg)

*For reference, the central bank is likely to hold the benchmark interest rate at 1.75% at its January meeting, next Friday. It will be the first meeting with Leonardo Villar as central bank governor. At the December meeting the committee were split with two members voting for a rate cut.

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