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Category

//Economy
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Fiscal Rule Discussion Comes to the Forefront in Colombia as GDP Grows by 0.7% in the First Quarter

Fitch Ratings stated that tampering with the fiscal rule would only hinder the nation's hopeful return to investment grade.
Posted On May 18, 2024
, By Rupert Stebbings
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Colombian Inflation Rate Beats Expectations in April, Slowing to 7.16% Year-Over-Year

While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.
Posted On May 11, 2024
, By Rupert Stebbings
Banco de la Republica, the central bank of Colombia, in Bogotá.
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How Far Will the Colombian Central Bank Cut Interest Rates in 2024?

Banco de la República is conservative by nature and there may not be enough meetings left this year to get the interest rate down to 8.25%
Posted On May 6, 2024
, By Rupert Stebbings
Banco de la Republica, the central bank of Colombia, in Bogotá.
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Central Bank to Make Another Rate Cut Decision this Week in Colombia

Hopefully, Banco de la República will this week cut those overnight rates — by at least 50 basis points — from the current 12.25%.
Posted On April 29, 2024
, By Rupert Stebbings
Photo credit: Kevin_John_Mauricio from Pixabay
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Colombia Is Playing the Blame Game When It Comes to the Weather

Both water and energy are in short supply — and suddenly it needs to be the government's fault.
Posted On April 19, 2024
, By Rupert Stebbings
What Jumps Out - Rupert Stebbings BVC
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What Jumps Out: Colombian Peso on Watch Amid Middle East Conflict, Bogotá Faces Water Rationing

The potential for wider conflict won't be a question for today, but thus far, the currency reaction appears calmer than expected.
Posted On April 16, 2024
, By Rupert Stebbings
Photo courtesy of MinCIT
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Colombian Non-Mining and Energy Exports Increased by 10.3% in the First Two Months of 2024

Export volume grew in February as well, with a 23.2% increase compared to the same month in 2023. 
Posted On April 15, 2024
, By Editorial Staff
Colombian President Gustavo Petro speaking at the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland in January 2023. (Photo credit: World Economic Forum / Boris Baldinger)
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Colombia and Venezuela Are Talking Oil and Gas

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.
Posted On April 14, 2024
, By Rupert Stebbings
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In Colombia, Inflation and Rain Are Hopefully Both Falling Again

Fedesarrollo's survey projects March inflation to drop to 7.34% — and continue falling to hit 5.51% by year-end.
Posted On April 2, 2024
, By Rupert Stebbings
Banco de la República, the central bank of Colombia, in Bogotá. (Photo credit: Camilo Sanchez)
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Colombian Central Bank Cut Interest Rates — by the Bare Minimum

Banco de la República cut by 50 bps to 12.25%, but despite words expressing the "magnitude" of the cut, it was the absolute minimum they could have done.
Posted On March 28, 2024
, By Rupert Stebbings
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