LatAm Daily | BanRep surprisingly raises its MPR by 50bp to 5.25%

Summary

In Colombia, BanRep surprisingly increased its MPR to 5.25% due to inflation, its expectations and its slow convergence to the target range. We do not rule out another 25bp hike in 4Q15. At its latest meeting, the Chilean CB debated between an increase and a pause in the MPR. Also, labour market figures revealed resilience and a still low unemployment-rate.

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