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MPR May: Central Bank sends strong message of commitment to inflation target by raising monetary policy rate by 50 bps

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Published on Monday, April 11, 2011 | Updated on Sunday, July 15, 2018

MPR May: Central Bank sends strong message of commitment to inflation target by raising monetary policy rate by 50 bps

In a surprise for the market, which was largely expecting a reduction in the pace of monetary policy rate (MPR) hikes by 25 bps, the Central Bank sends a strong signal of commitment to the inflation target by raising the MPR by 50 bps to 5%.

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Report (PDF)

BCChWatch_RPM_mayo_2011_tcm348-265501.pdf Spanish April 11, 2011
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Authors

BBVA ResearchEconomist

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Latin America

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