Searcher
Juana Téllez
Juana Téllez
Chief Economist
Bogotá

Ms. Téllez is the chief economist of BBVA Research Colombia. In this role, she leads our team of economists providing economic, financial, sectorial and regulatory analysis of the Colombian economy.

Prior to joining BBVA Research, she worked for the Research Unit at the Colombian Central Bank and served as an advisor to the Office of the Deputy Technical Governor. At the central bank, she also served as economist in areas related to banking, finance and macroeconomics. Ms. Téllez was also teaching assistant at the Javeriana University Department of Economics, where she was the editor for the department’s magazine.

Ms. Téllez received her B.A. in economics from Javeriana University and her Ph.D. and M.A. in economics from Queen Mary and Westfield College, University of London. She is the author of several publications in refereed journals and a regular columnist for several Colombian media.

Latest publications

One of the non-forward-looking tools used for inflation analysis by central banks and academia in general is core inflation, but it may include distortions that lead to misleading conclusions. This paper explores trimmed means as an alternative.
Global growth will continue to decelerate gradually in 2023 and recover thereafter. Colombia's GDP will follow a similar path, mainly explained by lower household spending. Inflation will be lower over the next two years, allowing for lower interest rates from the end of 2023.
The Colombian economy will enter a lower growth fase. Private consumption will stabilize at more sustainable levels in the medium term. Inflation will gradually moderate in 2023. The Central Bank will have space to start a gradual interest rate reduction cycle at the end of 2023.