2023-05-10 16:53:10
Finance
By:
May 10, 2023 11:59 am | m.
Colombia could start to discuss interest rate cuts in the second half of 2023, said the Minister of Finance, Ricardo Bonilla.
(See: The ACPM represents about 60% of the deficit of the Fuel Fund).
Inflation slowed in April, but a single month of good price data is not enough to justify monetary easing, explained Bonilla in an interview, according to the agency Bloomberg.
(See: Colombia falls in the World Bank’s ‘ranking’ of logistics performance).
“If we are already beginning to see a trend of lowering general inflation, lowering basic inflation, lowering inflation for the poor, etc., surely we can talk to the Banco de la República to keep them quiet and see when it is convenient to start loweringBonita commented.
Inflation moderated in April after a 24-year high, and policymakers expect and expect it to continue decelerating toward its 3% goal.
(See: When will Colombia begin to lower its interest rates?).
The slowdown in the economy requires a policy of economic activation, Bonilla said.
When asked if he would comply with the president’s wishes Gustavo Petro, Bonilla said that he had assigned it so that “to speak in his ear and not for him to flatter him“.
(See: Banco de la República once again raised its projection of GDP to 1%).
“He really wants to know what the situation in the country isBonilla said.
BLOOMBERG
1683743190
#Ministry #Finance