LatAm Daily | As expected, Colombian CB increased MPR by 25 bps, taking it to 7.5%

Summary

During its June meeting, the BanRep’s Board increased its MPR by 25 bps, taking the repo rate up to 7.5%, in line with expectations. Our central scenario contemplates that the repo rate should be kept at the current level for the rest of the year. Moreover, today we expect the IGAE in Mexico to drop by (-)0.1% m/m in April due to the contraction of the industrial sector.

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