Rate hike expected in Colombia

Rate hike expected in Colombia

Colombia Economy & Policy

Colombia’s central bank is widely expected to hike the benchmark interest rate by 25bp at today's monetary policy meeting, although some say the market may be underestimating the chances of a hold. “We expect BanRep to increase its reference rate by another 25bp to 4.5% in order to take monetary conditions towards a more neutral stance, in the current context of an almost closed output gap,” UBS said in a research note. Among other market observers, Credicorp, Bank of America-Merrill Lynch and C

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