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MNI POV – Tightening Pace In The Balance

  • BanRep will continue their hiking cycle at their October meeting with the broad majority expecting another 25bp hike to 2.25%. However, due to the previous 4-3 split board vote and the ongoing upward pressure on headline CPI, the decision to accelerate the pace of hikes to 50bps hangs in the balance.
  • Arguments for a continuation at the initial 25bp increment focus on anchored core inflation and central bank rhetoric committed to a gradual approach.
  • The full preview with analyst views can be found via this link: https://marketnews.com/mni-colombia-central-bank-preview-oct-2021-tightening-pace-in-the-balance