October 21, 2024 11:36 GMT
COLOMBIA: August Trade Balance Due At 1600BST
COLOMBIA
- Import and trade balance data for August will be published at 1600BST(1100ET), with analysts expecting the trade deficit to widen to $1.2bn, from $617.9mn in July.
- Trade balance, Aug.; est. -$1.2b, prior -$617.9m
- Imports CIF total; prior $5.58b
- The rest of the data calendar this week is light, with attention turning to the Oct 31 BanRep monetary policy meeting, when the committee will consider whether or not to step up the easing pace. While last week’s BanRep survey suggested that analysts expect a larger 75bp cut next week, the latest Bloomberg consensus currently points to a continuation of the recent 50bp easing pace.
- Meanwhile, the 2024 version of COP 16, the United Nations Biodiversity Conference of the Parties to the UN Convention on Biological Diversity, meets in Cali, Colombia from 1300BST(0800ET) today.
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