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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.
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Free AccessPresident Petro, Finance Minister Bonilla Due To Speak Today
- President Petro and Finance Minister Bonilla are both set to speak at the close of a banking conference in Cartagena today. Bonilla is scheduled to speak at 2025BST(1525ET), while Petro is expected to speak at 0055BST(1955ET).
- On the data front, the domestic calendar remains clear today. Next week, May consumer confidence data are due on Tuesday, while May CPI inflation figures are scheduled for Wednesday. Consensus is currently for the headline rate of inflation to remain unchanged at 7.16% y/y, while core inflation moderates further to 7.81% y/y, from 8.19%.
- Meanwhile, the finance ministry announced last night that it will freeze budget spending on some items due to weak fiscal revenue. The “partial and temporary” freeze will apply to items that do not currently have spending authorisation, according to a statement, while the government’s budgetary and contractual obligations will not be affected.
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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.