In Colombia, exports recovered in July, a recovery that we expect to be maintained over the rest of the year

Today we will be waiting on important information regarding monetary policy in Brazil and Chile. In the first case we expect the Committee to decide to keep the Selic rate unchanged, in an environment of technical recession but inflation that will remain in the upper range limit. In the case of Chile, we would not be surprised if the September monetary policy report contained a further cut in growth prospects and no significant changes in inflation figures.

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