Colombia’s new central bank chief said it’s too soon for policymakers to declare victory over inflation and that policymakers won’t necessarily cut rates again this month if they’re unsure of hitting their target.
“The more uncertainty you get, the less you should reduce rates, because we have to get inflation in the range of 2 percent to 4 percent—that’s very important,” Governor Juan Jose Echavarria said Sunday in an interview in Basel. “We have to guarantee that we are in the inflation range at the end of the year.”
