July 31, 2020 / 6:09 PM / 9 days ago

Colombia's central bank says economy to contract between 6% and 10% this year

BOGOTA, July 31 (Reuters) - Colombia’s central bank technical team has changed its gross domestic product contraction estimate for this year to between 6% and 10%, down from a previous range of 2% to 7%.

Consumer price growth will be between 1% and 2%, the head of the central bank board said in a press briefing on Friday, well below the long-term target rate of 3%. (Reporting by Julia Symmes Cobb Editing by Chris Reese)

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