2024-12-22 01:04
IndustryColombia Slows Rate Cuts Amid Peso, Fiscal Concern
Colombia's central bank cut rates by 25bps to 9.5%, slower than expected, as fiscal risks and peso weakness weighed on policy decisions. The peso, down 12% YTD, raises inflation risks, prompting caution despite calls for faster easing to boost growth.
Similar fiscal fears in Brazil highlight risks for Latin America, where investors remain wary of delayed austerity measures. Colombia's inflation has eased to 5.2%, but uncertainty over fiscal sustainability and government influence on monetary policy may shape 2024's outlook.
#Forex #Colombia #Peso #InterestRates #Inflation #MonetaryPolicy
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Colombia Slows Rate Cuts Amid Peso, Fiscal Concern
| 2024-12-22 01:04Colombia's central bank cut rates by 25bps to 9.5%, slower than expected, as fiscal risks and peso weakness weighed on policy decisions. The peso, down 12% YTD, raises inflation risks, prompting caution despite calls for faster easing to boost growth.
Similar fiscal fears in Brazil highlight risks for Latin America, where investors remain wary of delayed austerity measures. Colombia's inflation has eased to 5.2%, but uncertainty over fiscal sustainability and government influence on monetary policy may shape 2024's outlook.
#Forex #Colombia #Peso #InterestRates #Inflation #MonetaryPolicy
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