Free Trial

BanRep Decision Scheduled For 1900BST/1400ET

COLOMBIA
  • All 24 surveyed analysts expect BanRep to keep the overnight rate unchanged at 13.25%, confirming the end of the tightening cycle.
  • Furthermore, the continued outperformance of the Colombian peso is likely to bolster an already improving inflation outlook, which in turn should make BanRep more comfortable keeping policy steady at this juncture and heightens the probability of a unanimous decision.
  • The focus going forward now turns to when the central bank may envisage commencing rate cuts, a topic that has garnered increased attention following the latest comments from the newly-appointed finance minister.
  • The full MNI preview with analyst views is here: https://roar-assets-auto.rbl.ms/files/54393/MNI%20Colombia%20Central%20Bank%20Preview%20-%20June%202023.pdf

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.