MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI: UK OCT TRADE BALANCE GBP -3.72BN

MNI: UK OCT CONSTRUCTION OUTPUT -0.4% MM, +0.4% 3M3M, -0.7% YY

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

COP In Focus After BanRep Steps Up Easing Pace

COLOMBIA
  • Colombia returns from its St Joseph’s Day holiday today, with USDCOP close to YTD lows thanks to high real yields and oil prices, which have supported the peso in recent weeks. This may gradually change ahead, following the decision by BanRep to step up the pace of easing with a 50bp rate cut last week. For now, real yields remain attractive vs. peers, but some analysts have previously said pressure on COP could build later in Q2.
  • Following last week’s MPC meeting, Finance Minister Bonilla (who voted for a 100bp cut on Friday) said that he’d prefer the peso at around 4,000/usd and that he expected the peso to weaken in the short-term. He also said that the real interest rate remains too high, even after last week’s rate cut.
    • The full MNI review of last week’s BanRep decision, with analyst views is here.
  • In other news, Ecopetrol shareholders approved five new board members in a vote on Friday, as expected, despite an internal report that warned they lack the necessary experience. The new members include two former senators and Deputy Environment Minister Lilia Tatiana Roa.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.