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BanRep Interest Rate Decision Due In 30 Minutes

COLOMBIA
  • As a reminder, BanRep will make its latest interest rate decision around 1900BST(1400ET), when it is widely expected to deliver another 50bp cut in the overnight rate to 10.75%.
  • The committee is expected to maintain a cautious tone given a challenging fiscal backdrop and concerns about the convergence of inflation to target next year. However, persistent calls for a faster pace of easing from Finance Minister Bonilla suggest that the vote will be split once again.
  • The full MNI preview with analyst views is here.

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