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Banco de la República Governor Juan José Echavarría said Colombia has been among the economies most hit by exchange rate volatility after the slowdown in global oil prices. He also cited shocks from Venezuela and Ecuador and higher costs of foreign loans.
He said the financial system has absorbed these shocks.
The interview signals that Colombia's monetary policy will stay focused on currency stability and inflation control. Persistent peso volatility keeps import costs for dollar-priced feed ingredients uncertain.
oxfordbusinessgroup.comOBG AdminJun 21, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
