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23 Nov 2015
Colombia’s central bank could hike rates this week – BBH
FXStreet (Edinburgh) - In the view of analysts at BBH, the Colombian central bank could hike rates by 50 bp at its meeting on Friday.
Key Quotes
“Colombia’s central bank meets Friday and is expected to hike rates 50 bp to 5.75%. This would follow a larger than expected 50 bp hike last month”.
“However, the market is somewhat split. Of the 18 analysts polled by Bloomberg, 11 see a 50 bp hike, 6 see a 25 bp hike, and 1 sees no hike”.
“Inflation continues to move higher. At 5.9% y/y in October, it’s the highest since March 2009 and above the 2-4% range for the ninth straight month. As such, further tightening seems likely as we move into 2016”.
Key Quotes
“Colombia’s central bank meets Friday and is expected to hike rates 50 bp to 5.75%. This would follow a larger than expected 50 bp hike last month”.
“However, the market is somewhat split. Of the 18 analysts polled by Bloomberg, 11 see a 50 bp hike, 6 see a 25 bp hike, and 1 sees no hike”.
“Inflation continues to move higher. At 5.9% y/y in October, it’s the highest since March 2009 and above the 2-4% range for the ninth straight month. As such, further tightening seems likely as we move into 2016”.