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Published on Tuesday, May 3, 2016

Colombia | BanRep’s Board should continue increasing the monetary policy rate

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Summary

We consider that some elements have gained momentum in the monetary policy discussion leading us to consider a tighter monetary policy stance. Among these elements, the concern regarding demand pressures and the objective of achieving the inflation target in 2017, led us to consider an additional 50bp increase in the monetary policy rate in 2Q16 up to 7,50%.