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BanRep Decision Due - 1900BST/1400ET, Presidential Candidates Debate

COLOMBIA
  • All surveyed analysts are anticipating the Colombian Central Bank to accelerate the pace of tightening at their March meeting with the most likely outcome a 150bp increase to the overnight lending rate to 5.5%.
  • Continued inflationary pressures have seen the annual headline CPI rate exceed 8% alongside a substantial rise in core components.
  • Ongoing conflict in Ukraine and associated risks to global growth may negate the need for even bolder action at this juncture.
  • The full MNI preview with analyst views can be found here: https://marketnews.com/mni-colombia-central-bank-preview-mar-2022-acceleration-of-hiking-pace
  • Separately, at 12pm local time: Colombia presidential candidates debate - organized by Javeriana University.
  • Colombian conservative candidate Federico “Fico” Gutierrez is meeting with Liberal Party chief Cesar Gaviria Wednesday in a quest for allies ahead of presidential elections in May.

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