Flash Note nº 4

Dear subscriber [name],

We are sending our most recent Flash Note.


  • ¬†The Monetary Policy Committee (MPC) met on 18 and 19 January and decided to tighten monetary policy again;

  • Increasing the reserve ratio coefficient is appropriate to reduce liquidity levels in the market, although we believe that +2pp may not be enough to withdraw all excess liquidity consistent with fighting inflation;

  • The BNA's monetary policy options depend on the performance of inflation and inflation shows no signs of stopping its increase in the short term.

Best regards,

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