Colombia | BanRep increased its monetary policy rate in 25bp to 5.75%

Summary

In December, BanRep’s Board increased its monetary policy rate 25bp up to 5,75%. According to the communiqué and the press conference the main drivers behind this decision were the recent dynamics of inflation, inflation expectations, domestic demand dynamics and a slower convergence of inflation to the inflation target range, similar to the previous communiqué.

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