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Summary 2/2 - BanRep, Peru Quarterly Economic Report

LATAM

COLOMBIA - BanRep Decision due 1300ET/Local - 1800GMT.

  • This will be Echavarria's final meeting as Governor. International Monetary Fund official Leonardo Villar will take up the post of Central Bank Governor from Jan. 3.
  • Of the 17 analysts surveyed, all expect an unchanged decision and the overnight lending rate to be held at 1.75%.
  • The new neutral forward guidance signals the maintenance of the policy rate in the near term, and it is expected that the MPC will maintain its view despite the recent downside inflation surprises.

PERU - 11:30 Local: Peru central bank President Julio Velarde presents quarterly economic report to reporters.


ARGENTINA - Q3 unemployment rate fell to 11.7% vs 13.1% in Q2. The jobless rate fell in Q3 from the previous three months as some companies resumed hiring amid a recovery in economic activity as social distancing measures have been eased.

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