Colombia | BanRep increased the repo rate 50bp up to 5,25%

Summary

In October, BanRep’s Board surprisingly increased its monetary policy rate 50bp. It is important to note that the recent decisions of the central bank’s Board signal their concern on inflation expectations and the low levels of real interest rates. In that context, we anticipate an additional 25bp increase during 4Q15 (up to 5,50%) in our central scenario.

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