A younger person with a savings account almost never experiences “bullying” from finance friends, Galipolo says

The leader stressed that, in his opinion, the decline in saving resources represents a more structural issue. “Once people have easier investment alternatives, they have access to financial education, access to other options. Nowadays a younger person, for example, a guy with a savings account, almost suffers from ‘bullying’ among his friends because he has money in his savings account,” she says.

In this context, the President of Colombia explained the changes that occurred in real estate credit this year.

“The intention was to take something that had already been designed since Bruno (Serra Fernandez, former director of BC and now at Itaú Asset Management, who led the event) was there, how savings could be used to facilitate this transition to financing that would be more appropriate, both from the point of view of not having a ‘mismatch’ in duration, i.e. so that financing would be more closely matched to assets, and for rates that would gradually approach market prices, which also tend to rise and the strength of monetary policy,” he said.