MNI:BOC Says Covid Guidance Was Unclear, Will Tie To Inflation

MNI China Daily Summary: Friday, January 17

MNI BRIEF: UK To Delay Implementation of Basel 3.1 Until 2027

MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: PBOC Net Injects CNY100.5 Bln via OMO Friday

MNI: US DEC INDUSTRIAL PROD +0.9%; CAP UTIL 77.6%

EZ/UK Bond Supply Calendar: EFSF Synd "Upcoming", Slov Due Mon

MNI: US DEC HOUSING STARTS 1.499M; PERMITS 1.483M

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

COLOMBIA: BanRep Board Changes To Be Announced Feb 1, Retail Sales, IP Due Today

COLOMBIA
BulletEM BulletEmerging Market News
  • President Petro will publish a decree on February 1 naming the two central bank board members who will be replaced by the two new members who were announced earlier this week. While no final decision is said to have been made yet, a senior official familiar with the discussions has said that the two oldest members of the board, Roberto Steiner and Jaime Jaramillo, may be asked to step down, according to Bloomberg.
  • On Wednesday, academics Laura Moisa and Cesar Giraldo were announced as the new directors of BanRep. BBVA says that the changes are likely to imply a more dovish BanRep, which may favour steepeners and be moderately negative for the COP if BanRep cuts beyond 8%. USDCOP4300 remains a support for now, but there is a bias for 4400-4500 in the medium term, in their view.
  • On the data front today, retail sales and IP figures for November will be released at 1500GMT(1000ET). Analysts expect retail sales growth to slow to 4.6% y/y, from 9.0%, while IP growth looks set to remain weak on the back of a 0.6% y/y contraction in manufacturing output.
    • Nov. Retail Sales YoY, est. 4.6%, prior 9.0%
    • Nov. Industrial Production YoY, est. -0.3%, prior -0.6%
    • Nov. Manufacturing Production YoY, est. -0.6%, prior 1.1%
205 words

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.
  • President Petro will publish a decree on February 1 naming the two central bank board members who will be replaced by the two new members who were announced earlier this week. While no final decision is said to have been made yet, a senior official familiar with the discussions has said that the two oldest members of the board, Roberto Steiner and Jaime Jaramillo, may be asked to step down, according to Bloomberg.
  • On Wednesday, academics Laura Moisa and Cesar Giraldo were announced as the new directors of BanRep. BBVA says that the changes are likely to imply a more dovish BanRep, which may favour steepeners and be moderately negative for the COP if BanRep cuts beyond 8%. USDCOP4300 remains a support for now, but there is a bias for 4400-4500 in the medium term, in their view.
  • On the data front today, retail sales and IP figures for November will be released at 1500GMT(1000ET). Analysts expect retail sales growth to slow to 4.6% y/y, from 9.0%, while IP growth looks set to remain weak on the back of a 0.6% y/y contraction in manufacturing output.
    • Nov. Retail Sales YoY, est. 4.6%, prior 9.0%
    • Nov. Industrial Production YoY, est. -0.3%, prior -0.6%
    • Nov. Manufacturing Production YoY, est. -0.6%, prior 1.1%