Published on Friday, January 20, 2012

Monetary policy steady as the economy remains robust

The monetary authorities in Brazil and Mexico maintained their monetary policies, in both cases in line with market expectations. In the case of Brazil there was a cut of 50 basis points, leaving the SELIC at 10.5%, while in Mexico the rate remained at 4.5%. At the same time, the data on economic activity in Brazil, Colombia and Peru confirm the strength of domestic demand. In the case of Colombia, this is also reflected in the indicators of confidence.

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