Free Trial

BanRep Decision Due Friday, COP Suffers

COLOMBIA
  • The Colombian peso significantly weakened yesterday as the dollar soared and risk assets/commodities suffered at the hands of renewed Omicron fears adding to potential anxieties as we approach the fed decision.
  • Colombia will release retail sales, manufacturing production and economic activity data before policy makers meet.
    • 1500GMT/1000ET: (Colom) Oct. Manufacturing Production YoY, est. 13.0%, prior 15.5%
    • 1500GMT/1000ET: (Colom) Oct. Retail Sales YoY, est. 14.2%, prior 15.3%
  • The majority of surveyed analysts are predicting the central bank to raise rates by another 50bp on Friday to 3.00%. However, there a re a couple of calls for more bold action from the BanRep board. The full MNI preview will be published tomorrow

MNI/Bloomberg

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.