Colombia still has room to cut rates if recovery falters – IMF
Fund praises monetary policy regime as factor anchoring inflation expectations
The Central Bank of Colombia still has room to implement a looser monetary policy if the economic recovery is interrupted, the International Monetary Fund said on May 29.
After concluding its Article IV consultations, the fund considers an improved monetary policy framework to have contributed to price stability. IMF directors said “the current monetary policy stance should be conducive to a recovery in activity and that reducing the rate further in line with inflation expectations could be
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