LatAm Daily | Today we expect the Colombian CB to increase its MPR by 50bps, up to 7.5%

Summary

In today’s May MP meeting we anticipate the CB’s Board to increase its MPR by 50bps, as well as maintain this expected level of the repo rate for the rest of the year. Yesterday, business confidence figures for Colombia came in positively, showing the recovery process in the manufacturing sector and the possibility of a more gradual slowdown in household spending.

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