Colombian governor warns of low-rate risks
The governor of the Central Bank of Colombia, José Darío Uribe, on September 11 said the low interest rates accompanying "overly loose" monetary policy in advanced countries poses medium-term risks to emerging markets.
Speaking at the HSBC Annual Emerging Markets Conference in Zurich, he said any increases in commodity prices or FDI inflows are likely to be a result of low rates, and will be unsustainable.
Exchange rate flexibility is the key tool for accommodating this, Uribe said, as it will
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