LatAm Daily | In Colombia, interest rate increased by 25 bps up to 7.25%

Summary

During its May meeting the Central Bank’s Board increased its MPR by 25 bps, taking the repo rate up to 7.25%. We believe that the monetary tightening cycle is close to an end, although some elements, such as 1Q16 GDP data and May’s inflation print, could keep the BanRep’s Board in a data-dependent mode. In Chile, data on activity by sector will be released today.

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