LatAm Daily | BanRep surprisingly raises its MPR by 50bp to 5.25%
Published on Monday, November 2, 2015
LatAm Daily | BanRep surprisingly raises its MPR by 50bp to 5.25%
Summary
In Colombia, BanRep surprisingly increased its MPR to 5.25% due to inflation, its expectations and its slow convergence to the target range. We do not rule out another 25bp hike in 4Q15. At its latest meeting, the Chilean CB debated between an increase and a pause in the MPR. Also, labour market figures revealed resilience and a still low unemployment-rate.
Geographies
- Geography Tags
- Latin America
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist