Pantheon Macroeconomics - BanRep surprised the markets on Friday with a 25bp interest rate cut, bringing rates to 7.50%. We expected the Colombian central bank to start easing in January, due to the uncertainties surrounding the tax reform package and the ongoing minimum wage negotiations.

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20 December 2016 BanRep Brings Forward the Start of Rate Cuts on Growth Concerns

By Andres Abadia

BanRep surprised the markets on Friday with a 25bp interest rate cut, bringing rates to 7.50%. We expected the Colombian central bank to start easing in January, due to the uncertainties surrounding the tax reform package and the ongoing minimum wage negotiations.

Posted: 19th Dec 2016 in 'Latin America Documents'

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