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BanRep Decision Due Friday, Expecting Maintenance Of Gradual Approach

COLOMBIA
  • BanRep April decision and statement is due at 1900BST/1400ET on Friday. As of writing, all bar one analyst are expecting another 100bp hike of the overnight lending rate from 5.00% to 6.00%. One analyst has forecast for a bolder 150bp hike.
  • While the last BanRep decision displayed a fragmented board, with two members voting for a larger hike, central bank rhetoric still appears to be favouring a gradual approach to the tightening cycle.
  • The MNI preview with analyst views will be published tomorrow.

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