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25th Mar 2024 09:21Latin America, Daily Monitor

  • Colombia’s BanRep ramped up the easing pace to 50bp, taking rates to a still-eye-watering 12.25%.
  • The March decision was a divided vote, with future rate cuts expected to be data-dependent.
  • BanRep will have some flexibility, given lower inflation, better external conditions and weak GDP.

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Keywords for: 26 March 2024 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence