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Finance Minister Remarks On FX Liquidity Ahead of BanRep Meeting

COLOMBIA
  • COLOMBIAN PESO RISES 1% AFTER OCAMPO'S REMARKS ON FX LIQUIDITY (BBG)
  • Colombia Finance Minister Jose Antonio Ocampo spoke to reporters overnight regarding topics for discussion at this Friday’s BanRep meeting.
    • “I asked the central bank that we discuss on Friday the topic of the futures markets, and how liquid or not they are”. In response to written questions, Ocampo said that he had been talking about liquidity in the currency futures market.
    • Asked about currency intervention following a selloff in the peso, he said it will be discussed in Friday’s meeting “but the analysis we have made, which I share, is that the massive Chilean intervention had no more effect than the Colombian regime of letting the exchange rate float”. (BBG)

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