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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.
COLOMBIA
- A recap of the overnight data:
- December consumer prices rose 5.62% y/y; est. +5.41%
- December consumer prices rose 0.73% m/m; est. +0.53%
- December core CPI rises 3.44% y/y
- December core CPI rises 0.44% m/m
- Inflation pressure may build further at the start of the year due to a 10% increase in the minimum wage and rises in gasoline and diesel prices. The central bank estimates that the economy expanded 9.8% last year after a 6.8% contraction in 2020.
- The next BanRep decision falls on January 28. Following three of the seven board members voting for a bolder 75bps increase in December, the overnight figures significantly increase the potential for the central bank board to accelerate the pace of tightening.
Colombia Annual CPI Rises To Best Levels Since 2016 (Source: Bloomberg)
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.
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