Pantheon Macroeconomics - Colombia's central bank, BanRep, increased the monetary policy rate by 25bp to 6.25% on Friday, as expected, and also announced budget cuts and a new FX strategy to try to protect the COP. These measures are similar to those taken by Banxico on Wednesday. The press release, and the tone of the conference after the decision, suggest that more hikes are coming.

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22 Feb. 2016 Colombian Policymakers Borrow Banxico's Bazooka Strategy

By Andres Abadia

Colombia's central bank, BanRep, increased the monetary policy rate by 25bp to 6.25% on Friday, as expected, and also announced budget cuts and a new FX strategy to try to protect the COP. These measures are similar to those taken by Banxico on Wednesday. The press release, and the tone of the conference after the decision, suggest that more hikes are coming.

Posted: 22nd Feb 2016 in 'Latin America Documents'

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Keywords for: Latin America Documents | 22 Feb. 2016 Colombian Policymakers Borrow Banxico's Bazooka Strategy

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