LatAm Daily | We believe Colombia will tighten its monetary policy stance

Summary

We modified our MPR expectation and now consider an additional 50bp increase in 2Q16 to 7.50%, remaining at that level for the rest of the year. Moreover, despite some signals of deceleration, the Colombian monthly growth rate remained stable (3.5% YoY) in February. However, we expect a gradual slowdown in coming quarters, especially in private consumption.

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