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Central Bank Rate Decision, Venezuela Dialogue Continues

COLOMBIA
  • Governments of Colombia and Venezuela and business leaders from the two countries meet to consolidate trade relationship in a Bogota event organized by CAF.
  • Colombia’s long-term issuer default rating was affirmed by Fitch at BB+, one level below investment grade.
  • The majority of surveyed analysts expect BanRep to hike the overnight lending rate by 100bps to 12.00%. A deterioration in both inflation data and short & medium-term expectations, warrant maintaining a hawkish posture at the December meeting.

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