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Bancolombia Analysis: Central Bank Responds to Inflationary Challenges with a 50 Basis Point Rate Hike
At its October meeting, the Board of the Central Bank decided by majority to give a 50-bp hike to the repo rate to 5.25%. This adjustment was above our expectation and market consensus, which aimed at a 25-bp increase. In addition, the Bank reactivated auctions of FX call options...
Posted On November 4, 2015
