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May CPI Due Thursday Ahead Of June 30 BanRep Decision

COLOMBIA
  • The key data release this week will be Wednesday’s release of May CPI where the headline rate is expected to fall to 12.58% from 12.82% in April. Many analysts believe BanRep has come to an end of its hiking cycle, and although the central bank governor, Leonardo Villar, has acknowledged the turning point for inflation, he has said that BanRep cannot yet assure the tightening cycle is over. The next BanRep decision is due on June 30.

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