Colombia | The first meeting of the year

January is over and the calendar of the Board of the Bank of the Republic begins. In this little more than a month that has passed since December, the members of the Board are going to sit down to discuss a world that closed 2019 with calmer markets but with global growth that stabilized at low levels.

Key points

• Key points:
• It is a pity that the trend of the markets is changing because of the coronavirus that is already having a considerable effect worldwide.
• Global forecasts show growth expected to be close to 3% by 2020 and 2021. We at BBVA Research believe it will grow 3.2 and 3.3%, respectively.
• In fiscal terms, there is certainty about what was approved in the growth reform and demographic issues, there are more doubts than certainties about population growth in recent years.
• The intervention rate is expected to remain unchanged.

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