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MNI Colombia Central Bank Review - April 2024: Maintains Easing Pace In Split Vote

MNI Colombia Central Bank Review - April 2024

MNI Colombia Central Bank Review - April 2024

Executive Summary

  • The Colombian central bank decided to cut the repo rate by 50bp to 11.75% at its April meeting.
  • The decision was split, as expected, with one member of the committee voting for a 75bp move and another voting for an even bolder 100bp adjustment.
  • The outcome of the meeting was in line with market expectations and most analysts currently expect the central bank to maintain the pace of easing at the next meeting on June 28.
  • Friday’s quarterly inflation report will provide more details on BanRep’s economic outlook.

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MNI BanRep Review - April 2024.pdf

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