LatAm Daily | Colombia’s CB considers necessary an increase in the benchmark interest rate

Summary

We expect two additional 25bp increases for the MPR in April and May, taking the repo rate up to 7%. In Peru, CPI might have reached its peak in the 1Q16; we consider MPR will remain stable if expected inflation moderates. In Brazil, industrial production decreased more than expected (2.5% MoM) in February; GDP will likely contract again in 1Q16.

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