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Tuesday Could See Colombia's BanRep Initiate Easing Phase

LATIN AMERICA
  • Notable session for Latam rate decisions - with both Chilean and Colombian CBs both potentially cutting headline policy rates:
  • Analysts are divided over whether the Colombian central bank will once again keep rates steady at 13.25% or if BanRep will choose to initiate the easing cycle this week, cutting the overnight lending rate by 25bps to 13.00%.
  • Full MNI preview here: https://roar-assets-auto.rbl.ms/files/58567/MNI%20...
  • The majority of analysts believe the BCCh will reaccelerate the easing pace in December and cut the overnight rate by 75bps to 8.25%. A strong disinflation trend and weak economic activity certainly provide merit to the option of a bolder rate reduction at this juncture.
  • Full MNI Preview here: https://roar-assets-auto.rbl.ms/files/58568/MNI%20...

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