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BanRep's Quarterly Monetary Policy Report Published, Minutes Due

COLOMBIA
  • Overnight, the central bank published its quarterly monetary policy report on website.
  • “The balance of risks is characterized by an upward bias in the inflation projection and a downward bias in the forecast for GDP growth and the output gap in the forecast horizon,” the central bank says in its report.
    • 2022 GDP growth revised down to 4.3% from 4.7% previously and 2023 expansion estimated at 3.1%. Sees inflation ending 2022 at 4.3% and at 3.4% in 2023.
  • The link to the full report is here: https://repositorio.banrep.gov.co/bitstream/handle/20.500.12134/10269/informe-politica-monetaria-enero-2022.pdf
  • Additionally, the minutes of last week’s BanRep meeting will be published after the close later today.

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