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BanRep Decision Expected To Hike 100Bps - Due 1900BST/1400ET

COLOMBIA
  • All surveyed analysts are anticipating the Colombian Central Bank to continue tightening policy at their April meeting with the most likely outcome another 100bp increase to the overnight lending rate to 6.00%.
  • Continued price pressures have seen the annual headline CPI rate exceed 8.5% alongside rising inflation expectations.
  • Despite the split views among the BanRep board, the ongoing conflict in Ukraine and associated risks to global growth should continue to negate the need for even bolder action at this juncture.
  • BanRep Governor Leonardo Villar will host a press conference to announce the monetary policy decision.
  • Unemployment data also scheduled for 1600BST/1100ET:
    • March National Unemployment Rate, prior 12.9%
    • March Urban Unemployment Rate, est. 12.0%, prior 12.7%

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