Free Trial

BanRep Expected To Cut Rates By 50bp This Week

COLOMBIA
  • The macro calendar is light today, with focus this week on BanRep’s monetary policy meeting on Wednesday, when it is expected to deliver another 50bp interest rate cut to 10.75%. Recent survey data revealed that analysts then expect the central bank to step up the easing pace from September. A full MNI preview with analyst views will be published prior to Wednesday’s meeting. Later in the week, BanRep is expected to publish its latest quarterly inflation report on Friday.
  • On the data front, June unemployment figures will be released prior to the BanRep MPC meeting on Wednesday.
  • In other news, Finance Minister Bonilla has denied any wrongdoing and said he won’t resign after he was mentioned by prosecutors in a corruption scandal. Last week, two officials at the government’s risk management agency said they had coordinated with him to reroute public money for some municipalities that supposedly had climate emergencies. Bonilla said he had no part in this.

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.