# Juan José Echavarría, Governor, Banco de la República: Interview: Interview - Colombia 2017 - Oxford Business Group

> 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.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/70799-juan-jose-echavarria-governor-banco-de-la-republica-interview-interview
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/articles-interviews/charting-a-course-juan-jose-echavarria-governor-banco-de-la-republica-on-monetary-policy-expectations-and-the-volatility-of-exchange-rate-interview

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.