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Notes for the banking convention remarks

· 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

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· Leonardo Villar-Gómez Wiki · Banco de la República (Colombia) WikiNotes for the banking convention remarks

ContextOpening remarks at Asobancaria's banking convention in Cartagena; the Banco de la República keeps inflation low in Colombia and faces fiscal strain and slow credit growth.

Why it mattersColombia's governor explains why inflation is falling more slowly than in neighbouring countries.

Problems raised
  1. Colombian inflation fell more slowly than expected.
  2. It lags other countries in the region.
  3. Inflation is still above target.
Solutions proposed
  1. Keep the inflation-targeting framework.
  2. Decide cautiously.
  3. Ensure inflation converges to target.
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