INSUBCONTINENT EXCLUSIVE:
with financial market expectations.This decision came in light of recent inflation data which showed signs of a change in the upward trend
that had been evident since the start of the year.The annual inflation rate stood at 12.1% in June, a percentage point lower than the rate
in December 2022, signaling progress in inflation control and positively impacting expectations.However, despite these improvements,
inflation remains high in comparison to the target, and the core inflation rate, excluding food and regulated items, persisted at a similar
level of 10.5% as in previous months.Colmbia Central Bank
(Photo Internet reproduction)The economic activity in the second quarter was reportedly slower than anticipated as suggested by the Economy
Follow-up Indicator (ISE) for April and May, and the latest industry and commerce survey
Yet, the labor market continued to perform well.The growth rate of credit has slowed over recent months, leading to a relative decline in
portfolio quality.Nonetheless, credit establishments still maintain high capital levels and a strong liquidity position, adhering to
stringent international regulatory standards.Lastly, the Colombian peso has been steadily strengthening, returning to levels not seen since
