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Central Bank Rate Decision Was Unanimous

COLOMBIA
  • The decision to increase the pace of tightening to a 150bp hike at the June meeting was unanimous.
  • From statement (translated):
    • "The decision adopted today is compatible with the strength that economic activity has been showing in recent quarters, and will contribute to positioning monetary policy more quickly on a path that reduces inflation and converges to the target in the medium term. Going forward, the pace of monetary policy adjustment will depend on the new information available."
  • *VILLAR: COLOMBIA CENBANK WANTS TO LOWER INFLATION EXPECTATIONS (BBG)
  • *COLOMBIA WON'T NECESSARILY HIKE KEY RATE AT SAME PACE: RESTREPO (BBG)
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  • The decision to increase the pace of tightening to a 150bp hike at the June meeting was unanimous.
  • From statement (translated):
    • "The decision adopted today is compatible with the strength that economic activity has been showing in recent quarters, and will contribute to positioning monetary policy more quickly on a path that reduces inflation and converges to the target in the medium term. Going forward, the pace of monetary policy adjustment will depend on the new information available."
  • *VILLAR: COLOMBIA CENBANK WANTS TO LOWER INFLATION EXPECTATIONS (BBG)
  • *COLOMBIA WON'T NECESSARILY HIKE KEY RATE AT SAME PACE: RESTREPO (BBG)