By

Transport workers are going to represent a problem, as the government tries to move fuel prices to market levels.

The hope is that we will see another decline for January, but some are concerned about how the 12% minimum wage increase and El Niño have affected prices.

In the face of all the recent data, rocket science is not required from the central bank to make a large rate cut.

The country needs both sides of the spectrum. But still far, far too many, especially on the right, don't accept that simple democratic rule.

Petro called it a "natural" disaster, but there is undoubtably a human element given the money invested previously to repair the road — to no avail.

The highlight of the week was clearly the 0.45% inflation print for December — which dragged the full-year figure or 2023 to 9.28%, below the 9.45% expected.

The sad reality is that the ruling elite have little-to-no interest in changing the status quo. In the end, it suits them just the way it is.

The move was so far overdue — and was so small — that it has been forgotten already. It is of course a welcome message, but isn't big enough to shock the economy into life.

Despite the new narrative, the peso is where it should be — and Colombia's currency is hardly ever touched by domestic events.

Banco de la República now surely have to cut rates by at least 25 basis points in a couple of weeks time.