July 28, 2022 13:41 GMT
Colombia Central Bank Preview – July 2022
COLOMBIA
- 1900BST/1400ET - Friday, July 29, 2022
- The majority of surveyed analysts expect BanRep to hike the overnight lending rate by 150bps from 7.50% to 9.00% on Friday.
- Annual headline inflation is approaching 10% and the latest central bank surveys point to a continued deterioration of medium-term expectations.
- Inflation dynamics, combined with a resilient growth profile and substantial weakening of the local currency indicate the significant likelihood that BanRep maintain its aggressive pace of tightening.
- The full MNI preview with analyst views can be found here: https://marketnews.com/mni-colombia-central-bank-preview-july-2022-maintaining-150bp-hiking-pace
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