In Colombia, BanRep left the MPR unchanged. We do not expect any rate cut before 2Q15.

Published on Monday, February 23, 2015

In Colombia, BanRep left the MPR unchanged. We do not expect any rate cut before 2Q15.

Summary

With regards to Mexico, the global economic activity indicator fell 0.3% MoM in December, confirming slow economic activity for the year as a whole: GDP grew 2.1%. Lower public expenditure, decreased production and oil prices are the main drivers of this deceleration and suggest a downward bias to our 2015 growth forecast.

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BBVA Research BBVA Research

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Report (PDF)

67413_65348.pdf

English - February 23, 2015

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