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Colombian bank chief's view sees expansive policy

Thursday, February 28, 2013

Colombian monetary policy needs to remain expansive for a “very long time”, central bank co- director Carlos Gustavo Cano said.

“The principles that we follow indicate that there is a space to continue with an expansive posture and, not only is there space to continue an expansive posture, but I feel there is a need to continue with this posture for a very long time.”

Colombia’s economy has a potential growth rate of 4.8 percent, and is likely to grow less than that in 2013, Cano said.

Source: Bloomberg