Colombia's central bank: half yearly report

The reports presented to Colombia's Congress by the Board of Directors of the Banco de la Republica include macroeconomic results, the aims of the board, and future perspectives of the likely trend of several macroeconomic variables.

Inflation stayed with in the central bank's target range of 4.5-5.5%, the July report said, and the strength of economic activity has kept unemployment on a declining trend, with the national rate standing at 11.9% in May 2006, down from 12.5% a year earlier.

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