6.2% Inflation Traps Colombia as Central Bank Holds Rates

Economy: Bogotá Key Facts —Inflation. Colombia’s July annual inflation ran near 6.2%, back near levels last seen in 2024 and well above the 3% target. —Pause. The central bank, Banco de la República (BanRep), surprised markets with a hold in July rather than a cut. —Financing. Development bank CAF will disburse a first US$700 million…