LatinNews Daily - 01 August 2025

*Colombia’s central bank (Banrep) has held its benchmark interest rate at 9.25% in its second consecutive decision to keep the rate unchanged, following a 25 basis-point cut in late April. In a statement, Banrep noted that annual inflation declined from 5.1% in May to 4.8% in June due to a slowdown in inflation for food and categories with regulated prices, particularly electricity. However, it noted that core inflation, which excludes these categories, was unchanged at 4.8%, interrupting a downwards trend and contributing to inflation forecasts remaining above the target of 3%. Whilst economic activity “continues to gain dynamism”, increasing by 2.7% in annual terms in May, Banrep highlighted the “complex” external financing conditions faced by Colombia due to trade tensions, uncertainty related to global conflicts, and a slower-than-expected normalisation of US monetary policy.

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