November 19, 2010
Colombia's central bank is widely expected to keep its monetary policy rate
Colombia's central bank is widely expected to keep its monetary policy rate on hold at 3.00%. Morgan Stanley, for instance, says the bank will keep rates unchanged as inflation remains benign. It adds that the rate should stay at this level for the rest of the year, but it expects it to tighten to 6.00% by the end of 2011. Local brokerage Corredores Asociados believes it is necessary to keep the rate around 3.00% at this level to jumpstart economic activity amidst low inflation.