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In Colombia, some things are sacrosanct — and the fiscal rule is one of them.

In 2022, Colombia introduced a digital nomad visa that allows entrepreneurs and remote workers to establish their base in Colombia while continuing their jobs and business activities.

The real headline grabber should be Banco de la República, which — in its infinite wisdom — has chosen to ignore the other 99% who understand that 13.25% overnight rates choke off an economy.

Daniel Quintero's ticket got humiliated, the Diaz kidnapping signals rising insecurity, voters dissatisfied with Petro, "Total Peace" not working.

This is a country where banks still charge you for the privilege of looking after your money. Dickensian some would say.

Will Banco de la República upgrade its November meeting to a "decision" meeting in order to cut rates from 13.25% and start the easing cycle?

Banco de la República left interest rates at 13.25%, a terminal rate that needs to come down ASAP. The cut doesn't need to be radical but at least signal that the easing cycle has begun.

According to J.P. Morgan, this was a rejection of Petro presidency. That is clear for all to see. Where they are a little off is suggesting that this will impact the reform process.

Perhaps, instead of wasting time and money on lawyers, beverage companies should have spent their cash on R&D for new healthier products.

Colombia's Finance Ministry and the National Business Association of Colombia (ANDI) have spent weeks and months asking for rate cuts. Will they get what they want?