Free Trial

BanRep Cuts Interest Rate By 50bp To 10.75%, As Expected

COLOMBIA
  • "COLOMBIA CENTRAL BANK LOWERS LENDING RATE TO 10.75% VS 11.25%" - BBG
  • "Five directors voted in favor of this decision and two voted for a 75 bps reduction."
  • "The decision taken at today's meeting provides a new impetus to the recovery of economic growth and maintains the required prudence, given the risks that remain regarding the behaviour of inflation. The Board of Directors reiterates that future decisions will depend on the new information available."
    • The monetary policy statement is here (Spanish only).

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.