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For reasons I cannot detect, Banco de la República only moves rates at 8 of their 12 annual meetings.

For 2024, Fedesarrollo is projecting GDP growth of 1.4% and a year-end CPI of 5.4%

The first quarter of 2024 recovery is likely to be modest as well — in large part due to the central bank's refusal to lower rates until December.

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.