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Goldman Sachs On Ocampo Appointment For Monetary Policy

COLOMBIA
  • Goldman Sachs have highlighted that José Antonio Ocampo, the appointed Minister of Finance under the administration of President-elect Petro, recently stated that, even though he agrees that a tightening monetary policy cycle was necessary to bring inflation under control, he would have supported a more moderate pace of rate hikes.
    • Given that the Minister of Finance has one vote in the policy decision, in their assessment, this statement signals a potentially more dovish MPC leading into the next decision which is due on September 30.

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