(Bloomberg) -- Colombia’s central bank has room to lower interest rates by over five percentage points from the current level to 8% in 2024 as inflation...
-- Colombia’s central bank has room to lower interest rates by over five percentage points from the current level to 8% in 2024 as inflation continues to slow, Finance Minister Ricardo Bonilla said in an interview.Wider War in Middle East Could Tip the World Economy Into Recession
Colombia’s inflation will not ease as fast as in Chile or Brazil, as the Andean nation still has to increase fuel prices to close a gap caused by subsidies provided after the pandemic. Specifically, Bonilla said the government may have to increase gasoline costs for the next three or four months as oil jumps globally and will then begin gradual increases in diesel through 2025.
Bonilla said the government is showing investors fiscal responsibility by lowering debt levels and increasing fuel prices to close the budget gap, which should support the currency. OTTAWA -Bank of Canada Governor Tiff Macklem on Friday, speaking ahead of an interest rate decision on Oct. 25, said a recent surge in long-term bond yields is not a substitute for monetary policy and the economy is not heading for a deep recession. The bank would "take into account" the tighter financial conditions due to higher long-term bond yields before its Oct. 25 policy announcement, Macklem told reporters in a call from Marrakech, Morocco, where he was attending an IMF meeting.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Absence of 1MDB Debt Payment Lets Malaysia Lower 2024 Budget GapMalaysia’s government plans to reduce its budget deficit in 2024 through a combination of spending cuts, new taxes and reduced debt payments, as Prime Minister Anwar Ibrahim steps up efforts to convince investors that he’s serious about fiscal discipline.
Read more »
Absence of 1MDB Debt Payment Lets Malaysia Lower 2024 Budget Gap(Bloomberg) -- Malaysia’s government plans to reduce its budget deficit in 2024 through a combination of spending cuts, new taxes and reduced debt payments, ...
Read more »
Japan Finance Chief Sends Warning After Yen’s Renewed WeakeningJapan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets.
Read more »
Colombia eyes two key rate cuts before year-end, finance minister saysExplore stories from Atlantic Canada.
Read more »
Standard Chartered says Ether will hit $4k in 2024, $8k by 2026While Ether has struggled to generate momentum in 2023, Standard Chartered predicts ETH will reach a price of $4,000 in 2024, $8,000 by 2026, and $26,000 long-term.
Read more »
Atkins to return as Blue Jays GM in 2024Blue Jays' president Mark Shapiro confirmed that Ross Atkins will return for a ninth season as general manager. 'The body of work is undeniable,' Shapiro said of Atkins, but acknowledged that there are a number of issues 'that need to be worked through.
Read more »