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COLOMBIA: Finance Minister Bonilla Speaks On 2025 Economic Outlook

COLOMBIA
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  • Finance Minister Bonilla and Energy Minister Camacho are scheduled to speak at an event in Bogota on the economic outlook for 2025. Bonilla is expected to speak at 1320GMT(0820ET), while Camacho is due at 2140GMT(1640ET).
  • Separately, Finance Minister Bonilla said yesterday that a majority of the BanRep board is not likely to support an interest rate reduction of more than 50bp at the December meeting. Speaking to reporters in Bogota, he said that the best chance to accelerate the easing cycle was in September.
  • No macro data are due in the local calendar today, with the next releases scheduled to be industrial production and retail sales for September, due tomorrow. Analysts see IP growth remaining weak, at -2.0% y/y, while retail sales growth is expected to moderate to 3.7% y/y, from 5.2%. The data come ahead of Q3 GDP figures, scheduled to be released next Monday.
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  • Finance Minister Bonilla and Energy Minister Camacho are scheduled to speak at an event in Bogota on the economic outlook for 2025. Bonilla is expected to speak at 1320GMT(0820ET), while Camacho is due at 2140GMT(1640ET).
  • Separately, Finance Minister Bonilla said yesterday that a majority of the BanRep board is not likely to support an interest rate reduction of more than 50bp at the December meeting. Speaking to reporters in Bogota, he said that the best chance to accelerate the easing cycle was in September.
  • No macro data are due in the local calendar today, with the next releases scheduled to be industrial production and retail sales for September, due tomorrow. Analysts see IP growth remaining weak, at -2.0% y/y, while retail sales growth is expected to moderate to 3.7% y/y, from 5.2%. The data come ahead of Q3 GDP figures, scheduled to be released next Monday.