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BanRep Minutes Published

COLOMBIA
  • The minutes indicated the four-member majority still see 100bp pace as sufficient while also “being gradual enough to preserve dynamism in productive activity”.
  • The dissenting minority, arguing for bolder action last week, see the rise in inflation expectations suggesting more persistent inflation that “could weaken the credibility of the return of inflation toward the target pursued by monetary policy.”
  • Colombia Central Bank Chief Economist Hernando Vargas presents the bank’s quarterly report and answers questions from reporters at 3pm local.
  • The Colombian economy is forecast to grow 5% this year, which would make it the fastest-growing major nation in Latin America, Central Bank Governor Leonardo Villar told lawmakers in Bogota.

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