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Colombian Finance Minister Ricardo Bonilla must be pulling his remaining hair out.

Hopefully, we will get the 1% cut that will add some stimulus to the market.

The government’s intention to amend the country’s fiscal rule highlights continuing challenges to consolidation sufficient to stabilize debt/GDP durably.

Overall, Colombia exported $4.97 billion USD in non-mining and energy goods in the quarter.

El Niño who? The little boy has almost been forgotten already. Yesterday's news — as all eyes now shift to La Niña.

Once again, we are seeing the lack of a Colombian collective with everyone in it for themselves.

Fitch Ratings stated that tampering with the fiscal rule would only hinder the nation's hopeful return to investment grade.

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.

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%

Hopefully, Banco de la República will this week cut those overnight rates — by at least 50 basis points — from the current 12.25%.