Colombia’s Acosta says early cuts ‘a big risk’
Statement to Bloomberg contradicts wishes of president and much of business community
The newest member of the board of Colombia’s central bank has warned against lowering rates too soon, putting her at odds with the president who appointed her.
“There’s a big risk in easing early then having to reverse course,” Olga Lucía Acosta told Bloomberg in an interview published on October 18.
The Central Bank of Colombia has maintained its policy rate at 13.25% since April, after raising it 1,150 basis points over the previous 19 months. At the September policy meeting, the board voted
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Luxembourg governor becomes victim of deepfake attack
- BIS predicts AI will be inflationary in long term
- Bank and non-bank links pose systemic risk, NY Fed warns