Confidence should be sent to investors: experts before rate hikes

Confidence should be sent to investors: experts before rate hikes

Maria Claudia Lacouture, President of the Colombian American Chamber of Commerce (AmCham Colombia), indicated that it is not only a measure to counter inflation, but also puts more pressure on the economy.

“It is useful to pay attention to the continued rise in inflation so that consumption and household wallets are not affected, while the forecast of economic slowdown and growth of 0.2% for this year should be kept in mind” said Lacouture.

He added that in addition to measures to combat high prices for inputs, goods and services, It is important that signals of confidence, stability and clear rules are sent to investors to avoid a greater impact on income and job creation.

Meanwhile, Alejandro Reyes, chief economist at BBVA Research for Colombiasaid that while they are not ending the cycle, they are unequivocal signs that they are close to their final rate that in BBVA Research estimate at 13% (up 25 basis points at the March meeting).

Source: El heraldo

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