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BanRep Decision Thursday

COLOMBIA
  • Nothing on the domestic docket until Thursday’s central bank decision. According to surveyed analysts, the most probable outcome for this week’s BanRep meeting will be a 25bp hike, bringing the overnight rate to 13.00%. However, there are several analysts that believe the committee will vote for a bolder 50bp increase to 13.25%.
  • On Tuesday, Colombia’s Liberal Party said it decided to move away from the government-proposed health reform bill after disagreements with the administration’s views, the political movement said in a statement posted on Twitter.
    • As a reminder, congress is currently discussing three separate reforms to the labor market, and the pension and health systems.
  • Separately, Colombia’s DANE statistics agency holds press conference regarding the presentation of CPI today. February unemployment data will be published on Friday where the Urban rate is expected to fall to 13.1% from 14.5% in January.

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