Colombia

Colombian Finance Minister Bonilla advocated for aggressive rate cuts of 100 bps in the upcoming October and December central bank meetings if the current pace of 50 bps reductions is not accelerated soon. He reassures that inflation, even with expected diesel price hikes, is manageable and predicts it will stabilize at 5.3% by year-end. Additionally, the minister stated the government’s neutral stance in the forthcoming election for the Central Bank Governor, emphasizing a non-interventionist approach.