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BanRep Voted 5-2 In Favour Of Cut, Minority Voted For Hold

COLOMBIA
  • COLOMBIA VOTE WAS SPLIT WITH 5 VOTES FOR 25BP, 2 FOR HOLD (BBG)
  • COLOMBIA CENBANK CUT 2023 GDP GROWTH FORECAST TO 1% FROM 1.2%
  • COLOMBIA CPI EXPECTATIONS HAVE FALLEN SIGNIFICANTLY: VILLAR (BBG)
  • VILLAR SAYS COLOMBIA SHOULD BE 'CAUTIOUS' IN CUTTING RATES (BBG)
  • From the statement: "The Board of Directors reiterates that the decision adopted today is consistent with the objective of bringing inflation towards its goal of 3%, and reaffirms that future decisions will depend on the new information available."

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