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Banrep: Space to maintain current monetary stimulus closing

  • From the previous statement (via Google Translate): "Monetary policy decisions will continue to depend on the new information available on the evolution of the aforementioned risks."
  • From the today's statement (via Google Translate): "The members of the Board of Directors agreed that the space to maintain the current magnitude of the monetary stimulus would be closing, given the behavior of inflation and its possible persistence, as well as the upward revision of growth forecasts. Under these conditions and taking into account the balance of risks, the Board decided by majority to keep the monetary policy intervention rate unchanged."

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