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Colombia to weigh impact of stimulus on rates

Monday, April 22, 2013

Colombia’s central bank will weigh the impact of the government’s $2.7 billion stimulus plan announced last week as it decides on whether the economy needs more stimulus, central bank Governor Jose Dario Uribe said.

The government’s package of measures adds “an extra impulse from the fiscal side to the monetary policy impulse,” Uribe said.

Asked whether the government’s “Plan to Boost Productivity and Employment,” might lead to an early withdrawal of monetary stimulus, Uribe said, “We’ll see, because some things at the moment are intentions".

Source: Bloomberg