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Analysts Tilting Towards 50BP Cut on March 22

COLOMBIA
  • Goldman Sachs view this print as compatible with the quarterly inflation path outlined by Banrep’s staff at the last QIR, setting the stage for a potential acceleration in the pace of cuts to 50bp at the March MPC meeting—as signaled by the Board.
  • JPMorgan also expect BanRep to trim the policy rate by 50bp in the coming policy meeting, driving the level to 12.25%. They believe the forecast risk is skewed towards a 75bp cut and maintain the policy rate converging to 8.5% by December, and 6.25% for terminal level.

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