Colombia Minutes Highlight Hawkish Tone

Colombia Minutes Highlight Hawkish Tone

Colombia

Minutes from the Colombian central bank's last policy meeting, when kept rates unchanged at 9.25%, maintain a hawkish bias. They acknowledge a fall in inflation while also noting that price increases are above target. "The Bank conveys a data-dependent tone and, at a minimum, indications that it will work to keep expectations anchored until impacts from its tightening to date become more evident," says Merrill Lynch. Others detected a slightly different tone. "The minutes of the central bank's O

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