The Federal Reserve reduced its policy rate on July 31, turning its speech earlier this year when it argued the need for additional increases. Similar steps have been taken by other economies, should Colombia follow? Not necessarily because the reality facing Colombia is different.
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Last week we launched our latest revision of forecasts for the global economy and the local economy. Colombia will be able to consolidate its growth in this challenging scenario during 2019. The outlook shows inflation staying very close to the target next year and the following year, and a central bank that can start chang…