Free Trial

Scotiabank: Forecasts BanRep Terminal Rate Of 8.00% By Year-End

COLOMBIA
  • Scotiabank’s Bogota-based economist Sergio Olarte expects Colombia’s central bank to hike its overnight lending rate by 100bps to 6% on Friday. That follows an identical move on March 31st.
  • Since then, inflation accelerated with prices up 1% m/m in March and 8.5% y/y from 8% the prior month while core inflation picked up to 5.3% y/y. Both measures are above the 2–4% inflation target range.
  • Scotia forecasts the terminal rate to be 8.00% by the end of 2022.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.