LatAm Daily | The surprise in Colombian inflation implies an upward bias to our forecast

Summary

Colombian inflation reaches its highest rate at 4.74% YoY above expectations (BBVAe: 4.53% YoY). This could increase the hawkish tone among some BanRep board members. Despite the discussion, we stick to our call of no change in the MPR in September. Today we will be watching out for the Chilean indicators: monthly economic activity, wages and trade balance.

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