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Macro Scenario – Colombia: Open for business

September 4, 2020

The central bank enters a wait-and-see mode, assessing the evolution of the economy while leaving the door open for further easing.

For the version with all charts and tables, please open the attached pdf file

 With significant job losses, limited room for additional fiscal support and improved health conditions, the Colombian authorities lifted the mandatory quarantine, making way for more sectors to resume operations.

 The Central Bank extended the easing cycle by 25 bps in August, for a cumulative 225 bps. The authorities’ tone is nonetheless consistent with a pause, as the board enters wait-and-see mode, assessing the evolution of the economy following the lifting of quarantine measures while leaving the door open for further easing.
 

João Pedro Bumachar 
Vittorio Peretti 
Miguel Ricaurte

For the version with all charts and tables, please open the attached pdf file

 



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