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October 6, 2022

Colombia Economic Outlook. October 2022

The Colombian economy will enter a lower growth fase. Private consumption will stabilize at more sustainable levels in the medium term. Inflation will gradually moderate in 2023. The Central Bank will have space to start a gradual interest rate reduction cycle at the end of 2023.

October 5, 2022

Colombia | As expected, inflation continued to rise, standing at 11.4% in September

Inflation continued to rise and in September registered an annual change of 11.4% and a monthly change of 0.93%. The figure was higher than expected by the average of market analysts and BBVA Research, at the upper limit of forecasts (0.92%), although it was lower than the monthly inflation observed in the previous month.

October 1, 2022

Colombia | Labor market shows slight signs of recovery in August

In August of this year, the national unemployment rate was 10.6% and the urban unemployment rate was 10.8%. In seasonally adjusted terms, compared to the previous month, the unemployment rate remained relatively stable at the national and urban levels. The labor market showed a weak improvement in August.

September 29, 2022

Banco de la República raised its monetary policy rate to 10.0%. With a 6 to 1 split vote

At its September meeting, Banco de la República increased the monetary policy rate by 100 basis points, bringing it to 10.0%, in line with BBVA Research's expectations. The decision was split, with one vote in favor of a 50 bp increase.

September 5, 2022

Colombia | Inflation surprised on the upside again in August, reaching 10.8%

In August, monthly inflation was 1.02% and annual inflation 10.84%, above the average expectation of market analysts (0.54% in monthly variation according to the monthly survey of Banco de la República) and even above their maximum forecast of 0.79%.

September 2, 2022

Colombia | BBVA Big Data Consumption Tracker

In August, consumption growth stabilized at levels similar to those observed in July, although below those of previous months. There was a weaker performance of goods consumption and a reduction in credit card spending. By city, Bogota maintained the best dynamics among the main cities.

August 24, 2022

Colombia : What is happening with the world economy?

Today the world is struggling with seemingly contradictory news. On the one hand, high, persistent and generalized inflation, which has led Central Banks to raise interest rates. On the other hand, the global economy is slowing down and there is even mention of the risk of a recession. What is happening in the world?

August 10, 2022

Colombia | Una desaceleración saludable

Como en una prueba de resistencia atlética, la economía debe reducir la velocidad para que el crecimiento económico sea sostenible a largo plazo. Es mejor guardar energías para los siguientes años. La maratón económica no es un objetivo de corto plazo: es una meta que se logra paso a paso.