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Colombia central bank board likely to resume cuts as new members debut


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  Colombia's central bank board looks set on Monday to resume cuts to its benchmark interest rate with the support of new board members, despite inflation pressures and a difficult fiscal situation.

The article from MSN discusses the anticipated actions of Colombia's central bank regarding its monetary policy. As new members join the bank's board, there is an expectation that the bank will resume cutting interest rates, which had been paused at 13.25% after a series of hikes aimed at controlling inflation. The new board members, including economist Olga Lucia Acosta and former Finance Minister Mauricio Cardenas, are likely to influence a more dovish stance. This expectation stems from recent economic indicators showing a slowdown in inflation and economic activity, suggesting that the previous rate hikes have had their intended effect. Analysts predict a potential rate cut of 25 to 50 basis points in the upcoming meeting, reflecting a cautious yet proactive approach to stimulate economic growth while keeping inflation in check.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/colombia-central-bank-board-likely-to-resume-cuts-as-new-members-debut/ar-AA1BYdKD ]

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