Free Trial

BanRep's Steiner Due To Speak, Confidence Data Declines

COLOMBIA
  • 1530ET and local: Colombia Central Bank Co-director Roberto Steiner speaks about monetary policy during a virtual event organized by Bancolombia.
  • Colombia's consumer confidence fell more than economists expected in February. The figure fell to -17.5 (estimate -15.1) in Feb from -13.5 in January, according to Fedesarrollo.
  • Despite the tailwinds associated with the oil price surge for the Colombian peso, upcoming elections may start to garner more focus for local markets.
    • Senator Gustavo Petro, who is calling for a new economic model and a shift away from oil and coal, has been leading in polls with more than double the support of any of his rivals, which may enhance lingering uncertainties.
  • For reference, this Sunday, March 13, Colombia will hold elections to renew both the upper and lower chambers of congress.
  • Additionally, primary elections will take place in order to define the candidate of three of the main coalitions that will proceed to the first-round presidential election on May 29.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.