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Mixed Business Confidence Indicators In June, BanRep Decision Due Monday

COLOMBIA
  • June business confidence indicators were mixed on Tuesday, with industrial confidence rising from the prior read and retail confidence dipping. Unemployment rate data is the sole data point before next Monday’s BanRep rate decision.
  • The central bank is unanimously expected to keep rates on hold with the latest rhetoric from finance minister Bonilla hinting towards an earliest possible rate cut in September.

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