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BanRep Q3 Monetary Policy Report Due

COLOMBIA
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • BanRep staff will publish the quarterly inflation report at 2300BST(1800ET), which will include new estimates on inflation and economic growth. The report follows Wednesday’s monetary policy meeting when the central bank delivered a further 50bp interest rate cut to 10.75%, as expected.
    • For a full MNI review of that meeting, with analyst views see here.
  • Separately, Mines and Energy Minister Andres Camacho is due to speak to reporters about loans for renewable energy projects at 1330BST(0830ET) today.
  • Meanwhile, Colombia could produce an average 780,000-790,000 barrels of oil per day this year, according to estimates from the country’s oil and gas association, ACP. This is down from an earlier 800,000 barrels estimate in February. ACP expects investments in exploration and production to drop 5% y/y to $4.6bn this year, due to security issues, bureaucracy and a high tax burden.
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  • BanRep staff will publish the quarterly inflation report at 2300BST(1800ET), which will include new estimates on inflation and economic growth. The report follows Wednesday’s monetary policy meeting when the central bank delivered a further 50bp interest rate cut to 10.75%, as expected.
    • For a full MNI review of that meeting, with analyst views see here.
  • Separately, Mines and Energy Minister Andres Camacho is due to speak to reporters about loans for renewable energy projects at 1330BST(0830ET) today.
  • Meanwhile, Colombia could produce an average 780,000-790,000 barrels of oil per day this year, according to estimates from the country’s oil and gas association, ACP. This is down from an earlier 800,000 barrels estimate in February. ACP expects investments in exploration and production to drop 5% y/y to $4.6bn this year, due to security issues, bureaucracy and a high tax burden.