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Speech - XVIII Asofondos Congress

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, public finances and debt, trade, fragmentation and geopolitics

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· Leonardo Villar-Gómez Wiki · Banco de la República (Colombia) WikiSpeech - XVIII Asofondos Congress

ContextSpeech at the 18th congress of Asofondos, Colombia's pension fund association, in Cartagena; the Banco de la República keeps inflation low and watches a pension reform affecting local markets.

Why it mattersColombia's governor explains the pause in rate cuts as inflation converges slowly and fiscal risks grow.

Problems raised
  1. Inflation is converging to target too slowly.
  2. Inflation expectations and global rates rose.
  3. Colombia faces fiscal risks and US-led trade tensions.
Solutions proposed
  1. Pause rate cuts to protect credibility.
  2. Keep inflation expectations anchored.
  3. Watch fiscal and global risks.
Read full speech on bis.org ↗

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