4 Sep 2015
Colombian central bank will release its minutes – BBH
FXStreet (Edinburgh) - The research team at BBH noted the relevance of today’s minutes by the Colombian central bank.
Key Quotes
“We know that the decision to keep rates steady at 4.5% was not unanimous, with dissenters wanting to hike rates by 25 bp in order to help re-anchor inflation expectations”.
“However, officials are so far showing little concern about the weak peso”.
“The next policy meeting is September 25. July exports will also be reported Friday, and another weak showing is expected due to low oil prices”.
“Colombia also reports July trade today. It then reports August CPI on Saturday, and is expected to remain steady at 4.46% y/y. This remains above the 2-4% target, and further acceleration could push more members of the central bank board into the hawkish camp”.
Key Quotes
“We know that the decision to keep rates steady at 4.5% was not unanimous, with dissenters wanting to hike rates by 25 bp in order to help re-anchor inflation expectations”.
“However, officials are so far showing little concern about the weak peso”.
“The next policy meeting is September 25. July exports will also be reported Friday, and another weak showing is expected due to low oil prices”.
“Colombia also reports July trade today. It then reports August CPI on Saturday, and is expected to remain steady at 4.46% y/y. This remains above the 2-4% target, and further acceleration could push more members of the central bank board into the hawkish camp”.