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COLOMBIA: BanRep Co-Directors Steiner, Jaramillo Due To Speak

COLOMBIA
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  • BanRep co-director Roberto Steiner is scheduled to speak at an event organised by Corficolombiana at 1400BST(0900ET). Separately, BanRep co-director Jaime Jaramillo is due to speak at an event organised by Banco Davivienda at 2200BST(1700ET).
  • Data wise, no macro releases are due today, with September industrial and retail confidence next in the calendar on Oct 28, followed by latest unemployment data and the BanRep interest rate decision on Oct 31.
  • Yesterday’s trade data showed a slight widening in the deficit from year ago levels, as imports rose by 3.0% y/y on the back of higher fuel and manufacturing goods imports. As reported previously, exports fell by 2.5% y/y, due to a decline in oil and coal exports. Going forward, Itaú expects a gradual narrowing of the trade deficit, supported by a still contractionary monetary policy stance. Alongside higher remittances, they expect the current account deficit to remain stable from last year at 2.5% of GDP.
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  • BanRep co-director Roberto Steiner is scheduled to speak at an event organised by Corficolombiana at 1400BST(0900ET). Separately, BanRep co-director Jaime Jaramillo is due to speak at an event organised by Banco Davivienda at 2200BST(1700ET).
  • Data wise, no macro releases are due today, with September industrial and retail confidence next in the calendar on Oct 28, followed by latest unemployment data and the BanRep interest rate decision on Oct 31.
  • Yesterday’s trade data showed a slight widening in the deficit from year ago levels, as imports rose by 3.0% y/y on the back of higher fuel and manufacturing goods imports. As reported previously, exports fell by 2.5% y/y, due to a decline in oil and coal exports. Going forward, Itaú expects a gradual narrowing of the trade deficit, supported by a still contractionary monetary policy stance. Alongside higher remittances, they expect the current account deficit to remain stable from last year at 2.5% of GDP.