Central banks of Colombia and Peru expect bond impact from Fed rate hike

Julio Velarde
Julio Velarde, governor of the Central Bank of Peru

The governors of the central banks of Colombia and Peru expect an impact on bond markets and asset prices when the US Federal Reserve carries out its long-anticipated interest rate increase.

"The Fed has been doing a very good job, trying to be as transparent as possible, trying to make the least noise possible... [but] we may have a strong impact in bond prices, and some volatility," argued José Darío Uribe, governor of the Central Bank of Colombia, at an event sponsored by Bloomberg yesterday

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