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COLOMBIA: BanRep Interest Rate Decision Due In 30 Minutes

COLOMBIA
  • As a reminder, BanRep will make its latest interest rate decision around 1800GMT(1300ET), when the central bank is expected to cut its policy rate by another 25bp to 9.25%.
  • However, Finance Minister Guevara suggested recently that the central bank could pause its rate-cutting cycle this month, and elevated inflation pressures, a larger-than-expected minimum wage hike and ongoing fiscal risks, suggest that the debate could be between another 25bp cut and no change.
  • The MNI preview is here, while some additional analyst views ahead of the meeting can be found here
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  • As a reminder, BanRep will make its latest interest rate decision around 1800GMT(1300ET), when the central bank is expected to cut its policy rate by another 25bp to 9.25%.
  • However, Finance Minister Guevara suggested recently that the central bank could pause its rate-cutting cycle this month, and elevated inflation pressures, a larger-than-expected minimum wage hike and ongoing fiscal risks, suggest that the debate could be between another 25bp cut and no change.
  • The MNI preview is here, while some additional analyst views ahead of the meeting can be found here