More Colombia Rate Hikes Likely, Says BBVA

More Colombia Rate Hikes Likely, Says BBVA

Bonds Corporate & Sovereign Strategy

Another rate hike in Colombia looks likely as inflation expectations for 2008 and 2009 continue to be high, according to BBVA. “Non-food inflation is above the central bank’s goals,” says Juanita Tellez, a senior economist with the bank, who declined to specify how much of an adjustment is needed. February inflation indicators, to be released Saturday, could accelerate a rise if they are high. “If not, the central bank will wait and see how global economy continues to develop,” says the analyst.

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