Free Trial

One Member Voted For 50BP Hike, 2023 Current Account Deficit Seen At 4.1%

COLOMBIA
  • Two members of the board voted to keep the rate unchanged and one director voted for a 50 bp increase.
  • Appears no clear announcement of the end of the cycle: "With the decision adopted in its meeting, the monetary policy continues with its objective of bringing inflation towards its target of 3%. Further decisions by the Board will depend on new information available."
  • From the statement: The current account deficit would fall from 6.2% of GDP registered in 2022 to an estimated 4.1% at the end of 2023, mainly as a result of lower domestic demand, which is reflected in a drop in imports.

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.