“Aggregate demand has maintained strong growth in the context of near full employment,” Uribe said in the article. “At the same time, inflation expectations are close, or slightly higher, than 3 percent.”
However, Colombian consumers were up 2.8% in June from a year earlier, the slowest among Latin America’s largest economies. The central bank, though, may still have room to push off further rate hikes as it has a 3% inflation target.
Global X FTSE Colombia 20 ETF
For more information on Colombia, visit our Colombia category.
Max Chen contributed to this article.
