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July Activity Data This Week, CPI Reduces Chance Of September Easing

COLOMBIA
  • Key data on economic activity, manufacturing production and retail sales for July will be released on Friday, as well as the latest central bank economist survey.
  • The data will be closely scrutinised following the stubborn and above estimate inflation data last week. According to analysts, the chance of a BanRep rate cut has diminished significantly which runs contrary to the administration’s clear desire to boost the economy via immediate monetary easing.

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