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COLOMBIA: Finance Minister Bonilla Says BanRep Should Cut By 75bp

COLOMBIA
  • Finance Minister Bonilla reiterated his calls for a step-up in the easing pace, saying that the central bank should seriously consider a 75bp cut to 10.0% at its Sept 30 MPC meeting.
  • Bonilla noted that the real interest rate is now above 400bp following the August inflation data.
  • He said that inflation pressure in September would come more from the impact of the truckers strike, than the direct impact of higher diesel prices.
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  • Finance Minister Bonilla reiterated his calls for a step-up in the easing pace, saying that the central bank should seriously consider a 75bp cut to 10.0% at its Sept 30 MPC meeting.
  • Bonilla noted that the real interest rate is now above 400bp following the August inflation data.
  • He said that inflation pressure in September would come more from the impact of the truckers strike, than the direct impact of higher diesel prices.