LatAm Daily | The IMF increased the amount of the Flexible Credit Line for Colombia

The IMF approved a successor two-year arrangement for Colombia under the FCL program for approximately US$11.5 bn (previously US$5.4 bn). In BanRep’s inflation survey, analysts expect an additional 25 bps hike in MPR. We share this view and believe that this level will remain for the rest of the year. In Brazil today, we expect retail sales to have grown by 1% in April.

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