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Notes - 27th Asobancaria Treasury Congress

· Leonardo Villar-Gómez, Governor of the Banco de la República (Colombia) (Colombia)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, labour markets and jobs

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· Leonardo Villar-Gómez Wiki · Banco de la República (Colombia) WikiNotes - 27th Asobancaria Treasury Congress

ContextNotes by Leonardo Villar-Gómez, Governor of the Central Bank of Colombia, at the 27th Asobancaria Treasury Congress, Cartagena, 13 February 2025.

Why it mattersColombia's governor names rent indexation and minimum wage rules as drivers of sticky services inflation.

Problems raised
  1. Services inflation stays high.
  2. Rent indexation and minimum wage rules push prices.
  3. Policy must act countercyclically.
Solutions proposed
  1. Keep inflation low and stable.
  2. Reconsider indexation mechanisms.
  3. Use rates countercyclically.
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