Colombia’s new central bank chief said it’s too soon for policymakers to declare victory over inflation and that policymakers won’t necessarily cut rates again this month if they’re unsure of hitting their target.
“The more uncertainty you get, the less you should reduce rates, because we have to get inflation in the range of 2 percent to 4 percent—that’s very important,” Governor Juan Jose Echavarria said Sunday in an interview in Basel. “We have to guarantee that we are in the inflation range at the end of the year.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
