Free Trial

Two Dissenting BanRep Votes For a 25BP Rate Cut Again

COLOMBIA
  • COLOMBIA CENTRAL BANK RATE DECISION WASN'T UNANIMOUS: VILLAR
  • COLOMBIA CENTRAL BANK VOTED 5-2 TO HOLD KEY RATE UNCHANGED
  • BANREP RAISES COLOMBIA 2023 GDP GROWTH EST. TO 1.2% FROM 0.9% (BBG)
  • Statement (Spanish only): https://www.banrep.gov.co/es/noticias/jdbr-decidio...
  • "The majority of the Board considers that with the information available it is not yet appropriate to begin a process of reducing interest rates and that it is advisable to wait for conditions that give greater confidence about the sustainability of this process, in a context of inflation convergence."

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.