November 20, 2009
Colombia’s central bank is expected to keep its monetary policy rate at 4.0
Colombia’s central bank is expected to keep its monetary policy rate at 4.0% today. Bank of America-Merrill Lynch says softer inflation, still sluggish economic activity and particularly a weaker COP suggest Banrep will continue to leave rates where they are. Morgan Stanley also expects the bank to keep the rate unchanged for the rest of the year. By the end of 2010, it estimates the rate will be increased to 5.5%.