Latest news with #DANE
Yahoo
4 days ago
- Business
- Yahoo
Colombia 12-month inflation 4.90% in July
BOGOTA, August 8 (Reuters) - Colombia's consumer prices rose 0.28% in July, the country's DANE statistics agency said, taking cumulative 12-month price growth to 4.90%. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Colombia 12-month inflation 4.90% in July
BOGOTA, August 8 (Reuters) - Colombia's consumer prices rose 0.28% in July, the country's DANE statistics agency said, taking cumulative 12-month price growth to 4.90%.
Yahoo
4 days ago
- Business
- Yahoo
Colombia analysts see steady economic growth, but fiscal risks loom: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) -Colombia's economy likely grew 2.6% in the second quarter from the year-ago period, a Reuters poll on Friday showed, thanks to strong domestic consumption even as above-target inflation keeps interest rates from coming down. Thirteen analysts in the survey forecast economic growth of 2.0% to 2.9% for the three months through June, for a median estimate marginally below the central bank's 2.7% estimate and the 2.7% logged in the first quarter. Wilson Tovar, director of economic studies at brokerage Acciones y Valores, said "good general aggregate demand dynamics" were driving trade, agriculture and the financial sector. Consumption and consumer confidence improved as declines in interest rates and inflation from a year ago stimulated investment and demand for credit, he said. Colombia's statistics agency DANE is set to publish its GDP data on August 15. The analysts polled by Reuters maintained their economic growth estimates at 2.6% for this year and 2.8% in 2026. Colombia's central bank's technical team predicts slightly higher growth, at 2.7% and 2.9% respectively. Inflation risks and a worsening fiscal situation would limit further economic growth and slow the central bank's interest rate cuts, they added. The bank has so far cut its benchmark rate only once this year. Last week, the central bank maintained its rate at 9.25%, though the board's government representative had pushed for a 50 basis point cut. "Colombia is growing, but the fiscal front remains a major problem," Pantheon Macroeconomics' chief Latin America economist Andres Abadia said. "Furthermore, credit deterioration will continue to make debt more expensive and slow investment in strategic sectors. Without a clear signal on fiscal policy, growth will remain fragile." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Colombia analysts see steady economic growth, but fiscal risks loom: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) -Colombia's economy likely grew 2.6% in the second quarter from the year-ago period, a Reuters poll on Friday showed, thanks to strong domestic consumption even as above-target inflation keeps interest rates from coming down. Thirteen analysts in the survey forecast economic growth of 2.0% to 2.9% for the three months through June, for a median estimate marginally below the central bank's 2.7% estimate and the 2.7% logged in the first quarter. Wilson Tovar, director of economic studies at brokerage Acciones y Valores, said "good general aggregate demand dynamics" were driving trade, agriculture and the financial sector. Consumption and consumer confidence improved as declines in interest rates and inflation from a year ago stimulated investment and demand for credit, he said. Colombia's statistics agency DANE is set to publish its GDP data on August 15. The analysts polled by Reuters maintained their economic growth estimates at 2.6% for this year and 2.8% in 2026. Colombia's central bank's technical team predicts slightly higher growth, at 2.7% and 2.9% respectively. Inflation risks and a worsening fiscal situation would limit further economic growth and slow the central bank's interest rate cuts, they added. The bank has so far cut its benchmark rate only once this year. Last week, the central bank maintained its rate at 9.25%, though the board's government representative had pushed for a 50 basis point cut. "Colombia is growing, but the fiscal front remains a major problem," Pantheon Macroeconomics' chief Latin America economist Andres Abadia said. "Furthermore, credit deterioration will continue to make debt more expensive and slow investment in strategic sectors. Without a clear signal on fiscal policy, growth will remain fragile." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Colombia analysts see steady economic growth, but fiscal risks loom
BOGOTA, Aug 8 (Reuters) - Colombia's economy likely grew 2.6% in the second quarter from the year-ago period, a Reuters poll on Friday showed, thanks to strong domestic consumption even as above-target inflation keeps interest rates from coming down. Thirteen analysts in the survey forecast economic growth of 2.0% to 2.9% for the three months through June, for a median estimate marginally below the central bank's 2.7% estimate and the 2.7% logged in the first quarter. Wilson Tovar, director of economic studies at brokerage Acciones y Valores, said "good general aggregate demand dynamics" were driving trade, agriculture and the financial sector. Consumption and consumer confidence improved as declines in interest rates and inflation from a year ago stimulated investment and demand for credit, he said. Colombia's statistics agency DANE is set to publish its GDP data on August 15. The analysts polled by Reuters maintained their economic growth estimates at 2.6% for this year and 2.8% in 2026. Colombia's central bank's technical team predicts slightly higher growth, at 2.7% and 2.9% respectively. Inflation risks and a worsening fiscal situation would limit further economic growth and slow the central bank's interest rate cuts, they added. The bank has so far cut its benchmark rate only once this year. Last week, the central bank maintained its rate at 9.25%, though the board's government representative had pushed for a 50 basis point cut. "Colombia is growing, but the fiscal front remains a major problem," Pantheon Macroeconomics' chief Latin America economist Andres Abadia said. "Furthermore, credit deterioration will continue to make debt more expensive and slow investment in strategic sectors. Without a clear signal on fiscal policy, growth will remain fragile."
