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COLOMBIA: President Petro In Qatar, BanRep Governor Villar Speaks

COLOMBIA
  • BanRep Governor Villar and Finance Minister Guevara will participate in the 27th Treasury Congress in Cartagena today. Villar is due to speak there at 1300GMT(0800ET). Meanwhile, President Petro will continue his visit to the Middle East, travelling to Doha today on an official visit to Qatar with Foreign Minister Sarabia, Mines and Energy Minister Camacho and Ecopetrol President Roa.
  • No macro data are due, with December trade, retail sales and industrial production figures expected tomorrow. Sales growth is expected to moderate, while remaining strong, but industrial production growth is seen staying in negative territory. The data come ahead of Q4 GDP stats on Monday, expected to show a small acceleration in growth to a still sub-trend 2.3% y/y.
  • As noted previously, the weak growth backdrop is expected to prompt a resumption of the easing cycle in the near future, although policymakers remain wary of inflation risks and elevated inflation expectations and will proceed with cuts in a cautious manner.
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  • BanRep Governor Villar and Finance Minister Guevara will participate in the 27th Treasury Congress in Cartagena today. Villar is due to speak there at 1300GMT(0800ET). Meanwhile, President Petro will continue his visit to the Middle East, travelling to Doha today on an official visit to Qatar with Foreign Minister Sarabia, Mines and Energy Minister Camacho and Ecopetrol President Roa.
  • No macro data are due, with December trade, retail sales and industrial production figures expected tomorrow. Sales growth is expected to moderate, while remaining strong, but industrial production growth is seen staying in negative territory. The data come ahead of Q4 GDP stats on Monday, expected to show a small acceleration in growth to a still sub-trend 2.3% y/y.
  • As noted previously, the weak growth backdrop is expected to prompt a resumption of the easing cycle in the near future, although policymakers remain wary of inflation risks and elevated inflation expectations and will proceed with cuts in a cautious manner.