April 26, 2024 11:42 GMT
BanRep Expected To Cut By 50bp Next Week
COLOMBIA
- With the data calendar remaining light today, attention turns to next Tuesday’s BanRep MPC meeting, when the Bank is widely expected to deliver another 50bp cut to 11.75%.
- Cautious messaging and the lack of further inflation data point to the easing pace not being accelerated at this juncture, although another split vote is highly likely given finance minister Bonilla’s stance on bolder action to promote growth.
- Yesterday, he posted on X, saying that the central bank must cut by 400bp this year and by 75-100bp per meeting.
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