Colombian Central Bank Defies Petro and Cuts Key Rate to 11.25% [BNN Bloomberg (Canada)]
BanColombia S.A. (CIB)
Last bancolombia s.a. earnings: 2/21 04:00 pm
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Source: BNN Bloomberg
Policymakers backed the decision 4-2, while one of the seven-member board was absent, central bank Governor Leonardo Villar told reporters after the meeting. All 28 analysts surveyed by Bloomberg correctly forecast the move. President Gustavo Petro, Finance Minister Ricardo Bonilla, and some of the nation's largest private banking groups, such as Grupo Aval SA and Bancolombia SA, have all urged the central bank to speed up monetary easing to boost the weak economy. However, the central bank has so far ignored outside pressure, arguing that its cautious approach is needed ensure that inflation slows to its target range of 3% plus or minus one percentage point by next year. Highest in the Americas Colombia still has the highest benchmark interest rate among major inflation-targeting economies in the Americas, even after cutting it by two percentage points since December. Mexico, Brazil, and Peru all held interest rates unchanged this month as inflationary pressures grow. Last
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News
- Colombian Central Bank Defies Petro and Cuts Key Rate to 11.25% [Yahoo! Finance]Yahoo! Finance
- Bancolombia S.A. Accepts to Purchase All Tendered and Not Validly Withdrawn Offers of Bancolombia S.A.'s Outstanding 3.000% Senior Notes Due 2025 and 6.909% Subordinated Notes Due 2027PR Newswire
- Bancolombia S.A. (NYSE: CIB) is now covered by analysts at Bank of America Co.. They set a "neutral" rating and a $38.00 price target on the stock.MarketBeat
- Bancolombia S.A. (NYSE: CIB) had its price target raised by analysts at JPMorgan Chase & Co. from $30.00 to $35.00. They now have an "underweight" rating on the stock.MarketBeat
CIB
Earnings
- 5/9/24 - Beat
CIB
Analyst Actions
- 4/16/24 - JP Morgan
CIB
Sec Filings
- 6/26/24 - Form 6-K
- 6/26/24 - Form 6-K
- 6/26/24 - Form 6-K
- CIB's page on the SEC website