Colombia primed for higher borrowing costs, weaker currency: Janna

Colombia primed for higher borrowing costs, weaker currency: Janna

Economy & Policy Corporate & Sovereign Strategy

Colombia is gearing up for a steeper funding costs and a further weakening of its currency as the US Federal Reserve ends its quantitative easing program, the country’s director of public credit has said. “It’s true that with the end of QE we’ll probably have a higher exchange rate than last year,” Michel Janna told LatinFinance. “We’ll probably have a higher interest rate, higher financing rates than the ones we have enjoyed in the past few years.” But Janna said he expected the exchange rate t

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