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The economy is growing more than a year ago, but the pace remains low, according to the board of Banco de la República, which has maintained the benchmark interest rate at 4 , Friday, 25th.
In fact, the highest economic growth has not yet been felt in the labor market and unemployment rose in June for the third consecutive month. In fact, the plague increased in five of the first six months of 2018.
In June, unemployment was 9.1%, higher than the 8.7% recorded in the same month last year. 19659002] The statistics revealed by the Dane this Friday indicate that in the 13 major cities of the country, the indicator was 11.1%, while it was 10.8% at the same time the 39, last year.
If you look at the current quarter's figure from April-June the rate was 9.4%. At the same time last year, this indicator was 9%.
As for the 12 months accumulated, from July 2017 to June 2018, the rate was 9.5%, one of the notable aspects is that although unemployment has risen over in recent months, it remains at levels below one digit
. to mention that in the rural area, the panorama also continues with low figures: 4.4 percent in the month and 4.8 percent in the twelve months.
But even in the midst of this employment situation, the co-directors of the Bank of the Republic expect that, if the increasing level of confidence is maintained, the dynamics of the demand (consumption and investment in the country) could be better than expected.
of the Issuer decided to keep the benchmark interest rate unchanged from the signs of rising flation In this way, they go three months without changes in the rate.
The decision obeys the expectation of a rebound in short-term inflation, that would bring the indicator to finish the year on purpose.
At this meeting, Carolina Soto was inaugurated as co-director of the Bank, appointed by President Juan Manuel Santos, replacing Adolfo Meisel, and was the last session of the outgoing Minister of Finance , Mauricio Cárdenas.
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