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COLOMBIA: July Unemployment Data Due At 1600BST, Ecopetrol Shuts Pipeline

COLOMBIA
  • On the data front, unemployment data for July will be released at 1600BST(1100ET), with consensus for the urban rate to tick up to 10.3%, from 10.2%. Meanwhile, BanRep is due to hold a non-monetary policy board meeting today, with no interest rate decision planned.
    • July Urban Unemployment Rate, est. 10.3%, prior 10.2%
    • July National Unemployment Rate, prior 10.3%
  • Meanwhile, Colombia’s transportation sector is expected to hold protests today against recent diesel price hikes.
  • In other news, Ecopetrol said that its Caño Limón-Coveñas pipeline has been shut down after two new attacks yesterday, raising to six the number of incidents reported so far this year. The pipeline transports Colombia crude to the port of Coveñas for export.

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