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Unanimously maintains intervention rate unchanged at 4.25%
This was in line with analysts' expectations and the market consensus.
"The growth of trading partners continues to recover, marked by developed economies and major emerging economies, with oil prices remaining at levels that exceed the averages over the past two years," said the report. other reasons why the Council should make the decision.
The Issuer has informed that it will continue to closely monitor the behavior of inflation and projections of economic activity, as well as the international situation.
For Bancolombia analysts, this decision reaffirms the monetary policy scenario for 2018.
"We believe that the continuation of the current position largely reconciles the medium-term objective of inflation and this continuity is expected to continue until the first quarter of 2019, when we expect the normalization of monetary policy to begin in accordance with a more stable macroeconomic environment ". stressed the experts.
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