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Industrial, Retail Confidence Data Due Today

COLOMBIA
  • Data wise, May retail and industrial confidence figures will be published later. Attention will then turn to the BanRep monetary policy meting on Friday. Analysts appear in agreement that BanRep will cut the overnight rate by 50bp to 11.25%, as core CPI continues to decline, albeit in a gradual manner. The committee is expected to maintain a cautious/hawkish tone amid an increasingly challenging fiscal backdrop, tight global financial conditions, and above-target inflation expectations.
    • Industrial confidence, May, Prior -3.4
    • Retail confidence, May; Prior 15.3

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