Summary 2/2 - Carasquilla Speaks, Sagasti On Tax Reform

CHILE - Economic Activity just out at -1.2% y/y vs exp +0.5% but higher than the prior -5.3% reading.

COLOMBIA - Nothing new from the minutes. Central Bank reiterate 2021 Inflation expectations anchored at 3%.

• Colombia Finance Minister Alberto Carrasquilla speaks at coffee producers' event. Elsewhere Central Bank's Maiguashca speaks on gender equality.

PERU - President Francisco Sagasti says a reform of the country's pension system will require reforms of its tax and labour legislation simultaneously. According to RPP Sagasti said:

• Congress is drawing up a framework for pension reform and the next government will need to carry out labour and tax reforms.
• Additional taxation may be required to boost small pensions.

USDPEN higher with poor risk sentiment yesterday despite continued outperformance in Copper.

ARGENTINA - will hold four local debt sales in December, the economy ministry said in an emailed statement yesterday

• Sales to be held on Dec. 2, 15, 18, and 28