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Colombian central bank chief sounds alarm over U.S. rate hikes

Leonardo Villar hints at another rate increase in June to tame 'very strong inflation'

Leonardo Villar, the governor of Colombia's central bank, speaks with Nikkei in Bogota. (Photo by Hidetake Miyamoto)

BOGOTA, Colombia -- American rate hikes risk curtailing inflows of funds to Colombia, its central bank's leader recently told Nikkei, warning that "it may be difficult to attract more capital."

Financial market conditions here are stable at this point, thanks to the early steps by the Banco de la Republica, Gov. Leonardo Villar said in an interview in the capital.

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