Central Banks
Colombia Inflation Hit ‘Turning Point’ in April, Central Bank’s Villar Says
- Colombia central bank governor Villar speaks in interview
- Nation’s most aggressive tightening cycle ever is working
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Colombia’s inflation hit a “turning point” last month when it slowed after almost two consecutive years of constant acceleration, the nation’s central bank chief said in an interview.
The economy was growing above potential, though it’s now responding to Colombia’s steepest-ever cycle of interest rate rises, Governor Leonardo Villar said on Friday in Sao Paulo, where he is attending a regional central bank event.