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BanRep Rate Decision in 1 Hour

COLOMBIA
  • Rising inflation and a deteriorating current account balance leave the BanRep with little choice but to hike rates further in September. With CPI at new cycle highs of 10.84%, the board continue to run the risk of a further contamination of medium-term inflation expectations, which should justify hiking rates by a further 150bps this month.
  • Consensus looks for a rise to 10.50% for the overnight lending rate, however a sizeable minority are expecting a slowdown in the hiking pace in September, eyeing a 100bps step to 10.00%.
  • Full MNI Preview here: https://roar-assets-auto.rbl.ms/documents/19034/MN...

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