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Finance Minister Ocampo Speaks

COLOMBIA
  • Data released on Tuesday showed Colombian economy activity increased 7% in the third quarter, higher than the median expectation of 6.6%. This may support the expectations that BanRep will continue to increase the key rate in December from the current 11.00%.
  • Finance Minister José Antonio Ocampo participates in an event organized by Forbes, which also includes the participation of Moody’s analyst Renzo Merino.
  • Grupo Sura reiterated that it has not made a decision regarding the sale of its shares in Grupo Nutresa to IHC Capital Holding. Friday is the deadline for the takeover bid.
  • Colombia’s Largest Pension Fund Seeks Safety in the Dollar (Bloomberg)
    • Leonardo Mila, chief strategist at Porvenir SA, which oversees about 180 trillion pesos ($37 billion), said the dollar has been key to diversifying its holdings away from riskier assets, including the nation’s peso-denominated bonds known as TES.
  • Bancolombia’s treasury unit economists talk about the Colombian currency in a webinar

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