Business
Colombia Finance Chief on Rate Cuts, Peso
Colombian Finance Minister Ricardo Bonilla says the country could potentially start to ease monetary policy within three months as inflation cools and the peso stabilizes around its current level. The Colombian peso remains the best performing EM currency this year, but the economy faces pressure from slowing external demand. Bonilla speaks on Bloomberg Television.
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King Charles III and Queen Camilla arrived in the US Monday for a four-day trip on his first state visit to the US since becoming King in 2022. The visit is fraught with fresh security concerns in the wake of the shooting at the White House correspondents’ dinner.
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Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of “Bloomberg Surveillance” covering Federal Reserve chair Jerome Powell’s remarks. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy around the conflict in the Middle East. Jerome Powell said he intends to remain at the central bank as a member of its Board of Governors, and will not leave until a controversial criminal investigation into the central bank is “well and truly over with transparency and finality.”
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