Colombia to Ease Rates in 1Q09

Colombia to Ease Rates in 1Q09

Colombia

Colombia’s central bank is likely to keep the monetary policy rate unchanged at 10% on Friday, although some shops believe a cut is already due. Credit Suisse LatAm economist Carola Sandy says she expects no change in rates at the upcoming meeting as a majority of central bank board members “think that inflation and inflation expectations are still too high to start easing.” Goldman Sachs senior LatAm economist Alberto Ramos also expects no change, but adds that “there is a 45% probability of a

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