MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Q1 GDP, March Economic Activity Due

COLOMBIA
  • The peso outperformed yesterday, as markets reopened from the Ascension Day holiday, with the currency gaining by 1.1% against the dollar. USDCOP is now at its lowest since mid-April, with analysts noting that the strength came despite the possibility for further exercising of put options by the central bank. For now, COP remains anchored by high real yields, but BBVA see scope for faster rate cuts in H2 to potentially weigh on the currency.
  • Q1 GDP data will be published at 1700BST(1200ET), with the consensus for the economy to have grown by 2.2% q/q (sa), following no change in Q4. Annual GDP growth is expected to edge up to +0.8% y/y, from +0.3%. Activity surprised higher in January and February, but analysts expect some payback in March, with activity set to have fallen by 0.4% y/y at the end of the quarter, partly due to calendar effects.
    • Q1 GDP NSA YoY, est. 0.8%, prior 0.3%
    • Q1 GDP QoQ est. 2.2%, prior 0%
    • March Economic Activity NSA YoY, est. -0.4%, prior 2.5%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.