LatAm Daily | In Colombia, activity data for March was below expectations

Summary

In Colombia, industrial output rose below expectations (1.4% YoY) and retail sales fell unexpectedly by 2.9%. In Peru, GDP grew by 3.7% YoY, supported by mining production (especially copper) and the improvement of public investment. Moreover, the name of the new BCB governor will be announced tomorrow in Brazil. In Chile, we expect another pause in policy rates at 3.5%.

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