April 24, 2024 11:46 GMT
BanRep Expected to Maintain Pace of Easing Next Week
COLOMBIA
- All of the initial surveyed estimates for the April 30 BanRep meeting point to the central bank cutting the overnight lending rate by 50bps 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.
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