In its June meeting, Banco de la República increased the monetary policy rate by 150 basis points to 7.5%. The vote was unanimous.
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In September, BanRep increased in 25bp the monetary policy rate to 2.0%. The vote was divided, with 3 members in favor of a 50bp increase. The Staff reviewed their activity, inflation and current account deficit forecasts upward. With this move the Bank starts a rate hiking cycle.
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- Colombia
- Latin America
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- Banks
- Central Banks
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A propósito de la reducción de tasas del Banrep el viernes pasado, que nos tomó por sorpresa a nosotros en BBVA y al consenso de los analistas, hemos tenido largas horas de conversación con los colegas.
- Geography Tags
- Colombia
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- Global Economy
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