*Colombia’s central bank (Banrep) has lowered its benchmark interest rate by 50 basis points to 10.75%. This followed previous cuts of 50 basis points in June, April and March. In a statement explaining the decision, Banrep noted that annual inflation in June was stable at 7.2%, with analysts consulted by the bank expecting inflation to remain level in the medium-term. Banrep also noted that GDP had “continued its trajectory of recovery in the second quarter” with 2024 growth now forecast at 1.8%.
- VENEZUELA: Region divided in its response to election
- In brief: Colombia lowers interest rate
- BRAZIL: Lula visits areas in Pantanal affected by fires
- In brief: Brazil’s central bank maintains interest rates again
- GUATEMALA: Discredited attorney general moves against Arévalo
- In brief: Costa Rica raises growth forecast
- MEXICO: Plot thickens around Sinaloa DTO arrests
- In brief: Mexico’s public debt forecast to rise as GDP percentage
- CHILE: Gov’t prepares for increase in migration from Venezuela
- In brief: Chile holds interest rates