Colombia has space to further lower its benchmark interest rate if truly necessary, the head of the central bank board said on Monday, though room for a more expansive monetary policy is limited amid international financial conditions and less investor risk appetite on emerging.
By Reuters Staff
2 Min Read
BOGOTA, Feb 12 (Reuters) - Colombian President Ivan Duque named economist Jaime Jaramillo to the central bank’s board on Friday, the third such appointment to the board this month.
Two appointments earlier in February sparked predictions that interest rate cuts may be on the horizon as policymakers seek to lift economic growth even amid forecasts that inflation will soon begin to rise.
Jaramillo, who holds a doctorate in economics from Boston University, will replace Arturo Galindo, who is leaving the board for personal reasons.
“I have designated Dr. Jaime Jaramillo Vallejo as a board member of the central bank, replacing Arturo Galindo,” Duque posted on Twitter.
By Reuters Staff
2 Min Read
BOGOTA, Feb 12 (Reuters) - Colombian President Ivan Duque named economist Jaime Jaramillo to the central bank’s board on Friday, the third such appointment to the board this month.
Two appointments earlier in February sparked predictions that interest rate cuts may be on the horizon as policymakers seek to lift economic growth even amid forecasts that inflation will soon begin to rise.
Jaramillo, who holds a doctorate in economics from Boston University, will replace Arturo Galindo, who is leaving the board for personal reasons.
“I have designated Dr. Jaime Jaramillo Vallejo as a board member of the central bank, replacing Arturo Galindo,” Duque posted on Twitter.
More London-based financial firms are expected to relocate to France this year after Britain completed its Brexit transition, the head of the French central bank said on Tuesday.