LatAm Daily | Colombian CB decides to keep rates on hold but not unanimously

Summary

The decision was taken by a majority with some board members voting for an increase. Meanwhile, BanRep reduced its 2015 growth forecast and predicted slower inflation convergence toits target. Meanwhile, urban unemployment fell to 9.7% in June, mainly due to a decline in labour force participation. Dynamics in job-creation are in line with the slowdown in activity.

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