Villar: high rates hurt housing but are needed to control inflation
Banco de la República Governor Leonardo Villar said at the Camacol Congress that high interest rates are bad for housing but necessary to control inflation and bring it to target. He attributed the sector's sharp declines to multiple circumstances, including the change in subsidy policy and, in particular, high rates. He noted that, since housing loans are long-term, an expectation of controlled inflation will help lower interest rates.
In 40 seconds
- Villar acknowledged to Camacol builders that high rates are bad for housing but necessary to control inflation.
- The Banco de la República governor attributed the sector's sharp declines to the change in subsidy policy and, in particular, to high rates.
- He argued that, since housing loans are long-term, an expectation of controlled inflation will help set the path to lower interest rates.
Read the full story at Revista Semana
IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.
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