Unchanged policy rates seen


Monetary board (MB) member Felipe Medalla on Tuesday shrugged off the idea of further monetary easing in the next rate-setting meetings, following the recent cuts on both key and reserve requirement (RR) rates.

“My own forecast is that no change for at least two meetings,” Medalla said during a conference held at the central bank.

According to him, this outlook can be traced to the expectation of a more manageable inflation in the coming months.

“Inflation is going to be a little bit below 3 percent this year, a little bit higher than 3 percent next year. Therefore, there’s really no reason to change policy rates,” he said.