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Berita trading
24 Apr 2015
Colombia could leave rates unchanged – Scotiabank
FXStreet (Edinburgh) - In the view of Eduardo Suarez, Chief FX Strategist at Scotiabank, the Colombian central bank could leave its monetary policy unchanged in today’s meeting.
Key Quotes
“BanRep is scheduled to hold its MPC meeting today, where all 33 economists surveyed by Bloomberg look for rates to remain unchanged”.
“We have had 4 board members outline their views on rates, the economy and FX over the past couple of weeks (Cardenas, Cano, Meisel, and Uribe), and all seemed comfortable with COP’s current valuations, and seemed to see rates on hold for at least the next few months”.
“However, it will be interesting to see how the balance of risks to growth / inflation adds up in the board as a whole”.
“From the 4 members who spoke recently, our view is that the balance of risks to growth / inflation was not homogenous. For next week, the main data item is unemployment (Thursday)”.
Key Quotes
“BanRep is scheduled to hold its MPC meeting today, where all 33 economists surveyed by Bloomberg look for rates to remain unchanged”.
“We have had 4 board members outline their views on rates, the economy and FX over the past couple of weeks (Cardenas, Cano, Meisel, and Uribe), and all seemed comfortable with COP’s current valuations, and seemed to see rates on hold for at least the next few months”.
“However, it will be interesting to see how the balance of risks to growth / inflation adds up in the board as a whole”.
“From the 4 members who spoke recently, our view is that the balance of risks to growth / inflation was not homogenous. For next week, the main data item is unemployment (Thursday)”.