LatAm Daily | In Colombia, BanRep hikes its MPR by 25bp up to 5.50%, as we expected

Summary

BanRep’s board increased its MPR in November by 25bp.The decision was not unanimous and was driven by the dynamics of inflation, inflation expectations, and a slower convergence towards its target range. Despite the pause in Chilean MPR, minutes reveal that the normalisation will be data dependent. Credit decreased in real terms and the default rates increased in Brazil.

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