FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

May CPI Falls To 12.36% Confirming BanRep Turning Point Rhetoric

COLOMBIA
  • The key data release overnight was May CPI where the headline rate fell to 12.36%, below the surveyed median estimate of 12.60% and down from 12.82% in April. Despite the core monthly reading only rising 0.75% compared to +0.99% in April, this did tilt the annual core figure marginally higher to 11.59%.
  • 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 central bank meeting is scheduled for June 30.
  • Interestingly, Finance Minister Ricardo Bonilla has said that Colombia’s central bank could discuss interest rate cuts in two months if inflation continues to slow.
  • “The expectation that we have this month is that the central bank will at least stabilize rates, and we will be looking at the trend of the next two months to see if rates begin to drop,” Bonilla, who is a voting member of the monetary policy committee, said in an audio file sent via text message by the finance ministry.
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.