Grupo Bancolombia reported solid results for the second quarter of 2. The company saw improved performance, driven by an increase in its customer base and higher monetary policy rates. However, the increase in the average cost of deposits, combined with increased provisions, prevented the revenue growth from being fully reflected in net income.
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Government issues decree to limit AFP investment abroad, economic emergency is lifted; later, CPI is published
According to the report presented by the National Administrative Department of Statistics (DANE), the year-on-year variation of the Consumer Price Index (CPI) rose to 5.35% in January, from 5.10% in December. This figure is lower than the market estimate (5.40%) and the estimate by Economic Research of Stocks and Securities (5.45%). The monthly inflation figure was 1.18%. This monthly variation was higher than that of December (0,27%).
The global dollar stabilizes as the market assesses geopolitical risks and local risk premiums
