Free Trial

MNI Colombia Central Bank Preview: Further Caution Needed

COLOMBIA
  • According to all surveyed analysts, BanRep is expected to hold the policy rate steady at 13.25% today.
  • The latest inflation data was a signal to the market that both headline and core inflation remain at stubbornly high levels and the process of disinflation has been considerably slower than previously envisaged. The committee will likely reinforce its data dependent stance, allowing more progress on inflation before committing to a policy pivot.
  • However, given the most recent commentary from Finance Minister Bonilla, markets will focus on any dissenting votes at this meeting and any potential guidance regarding the future outlook for monetary policy.
  • Click here to view the full preview.

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.