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Finance Minister Sees Potential For Rates To Be Cut To Around 8% This Year

COLOMBIA
  • According to Finance Minister Bonilla, Colombia growth should reach 1.8% in 2024. Bonilla also noted that he expects headline CPI to fall to 5%, which should aide the central bank in lowering rates to 8%, speaking on Thursday and reported by Reuters.
  • Bonilla has been one of the most vocal and dovish members of the BanRep board in recent times, heavily touted to have dissented for rate cuts in the penultimate meetings of 2023.

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