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BANREP Unchanged At 1.75%

COLOMBIA

The Colombian Central Bank left the overnight lending rate unchanged at 1.75%.


The decision was unanimous among directors as expected.

  • Sees economic recovery continuing.
  • 2021-2023 Inflation bets anchored at 3%.
  • Central Bank staff expect 2021 GDP to recover to 4.6%.

No fireworks here - All further evidence the easing cycle is over.

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