MPR May: Central Bank sends strong message of commitment to inflation target by raising monetary policy rate by 50 bps
Published on Monday, April 11, 2011 | Updated on Sunday, July 15, 2018
MPR May: Central Bank sends strong message of commitment to inflation target by raising monetary policy rate by 50 bps
Summary
In a surprise for the market, which was largely expecting a reduction in the pace of monetary policy rate (MPR) hikes by 25 bps, the Central Bank sends a strong signal of commitment to the inflation target by raising the MPR by 50 bps to 5%.
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- Latin America
Topics
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- Macroeconomic Analysis
- Central Banks
Authors
BBVA Research
BBVA Research