LatAm Daily | Colombia hikes its MPR up to 6% as expected

Summary

BanRep’s challenge is to ensure that inflation converges to the target, so another 25bp hike is expected in February. In Chile, aggregate activity remained weak, although unemployment declined to 5.8%. Also, MP minutes suggest that the MPR will be maintained for some time. Preliminary GDP for 2015 in Mexico was 2.5% and we also expect a weak performance of GDP in 1Q16.

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