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Colombia Seen Tightening Policy Alongside Peers

LATIN AMERICA
  • Crossing at the same time as the Mexican central bank (1900BST/1400ET), Colombia's central bank are also seen tightening policy by 25bps as headline inflation extends through the upper-end of the bank's tolerance band. Full MNI preview here: https://marketnews.com/mni-colombia-central-bank-p...
  • Elsewhere in South America, the Chilean authorities have called an end to the now 18 month old national curfew and have also eased further mobility restrictions in place to curb the spread of COVID-19.
  • Peruvian politics has become a market focus, with the PM warning that the government will lean on a confidence vote in a move to back the country's labour minister. This follows accusations from Congress about the minister's links to terrorism.
  • In response, the Peruvian Congress have rejected the calls for a confidence vote, opting instead for dialogue with the President in order to avoid a protracted crisis.
  • Peru's PEN closed the Wednesday session at 4.1295 vs. the USD, the highest level on record.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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