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.
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?
While we're seeing many headlines about the Colombian peso being the global top performer in 2023, this is mostly due to the sell off in the fourth quarter last year.
In an unwieldy city without the resources to set itself on the right path, the candidates for Bogotá mayor are all destined to fail — just as others have been before.