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MNI BanRep Preview – 1800GMT / 1300ET

COLOMBIA
  • The majority of analysts forecast BanRep to continue their tightening cycle in December, with another 50bp hike to the overnight lending rate to 3.00%.
  • Continued upward pressures on inflation and inflation expectations, together with a solid growth profile, justify a further withdrawal of monetary stimulus.
  • Calls for even bolder action at this juncture seem unwarranted given the previously divided board, the desire for gradual monetary policy normalisation and ongoing uncertainty surrounding the evolution of the pandemic.
  • The full preview with analyst views can be found here: https://roar-assets-auto.rbl.ms/documents/13189/MN...

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