LatAm Daily | The monetary policy rate in Colombia was increased by 25bps, as expected
Published on Monday, August 1, 2016
LatAm Daily | The monetary policy rate in Colombia was increased by 25bps, as expected
Summary
BanRep took the repo rate up to 7.75% and GDP for 2016 was revised down from 2.5% to 2.3%. June’s unemployment rose in Colombia (to 10.2%) and in Chile (to 6.9%). Also in Chile, activity data by sectors signals that activity growth will be under 1% YoY in June. In Brazil, the primary deficit worsened, reaching 1.1% of GDP in June, and we forecast 2.7% for the end of 2016.
Geographies
- Geography Tags
- Latin America
- Brazil
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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