Colombian Inflation Slows More Than Forecast to Lowest Since 2021
Colombian inflation slowed more than expected in May to its lowest level since 2021, potentially bolstering the arguments of Finance Minister German Avila who is calling for much deeper interest rate cuts.
The annual inflation rate fell to 5.05%, from 5.16% in April. That was lower than expected by analysts surveyed by Bloomberg, whose median forecast was 5.12%.
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