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S&P Global Ratings lowers Colombia's credit rating to BB- as persistent deficits and policy shifts challenge economic stability in 2026.

Bancolombia projects an April range of $3,625 COP for the peso following a 2.1% March gain and Brent crude’s rise to $118 USD per barrel.<

The Colombian central bank adjusts its stance as global energy instability and persistent internal pressures drive inflation concerns.

Service-oriented and labor-intensive businesses may face higher operating costs due to the 23% minimum wage hike and its immediate impact on indexed service categories

"An excessive minimum salary increase is a threat on two fronts. It will impact inflation as suppliers face higher costs and also further push that domestic demand."

Colombian banks must now walk a tightrope between angering the outgoing president & international financial isolation.

Perishable food prices dropped 0.09%, fresh fruit climbed 2.38%, with grapes up 12.25%, plantains 3.72%, carrots 9.93%, oranges 6.12%.

The Colombian peso appreciated despite falling oil prices and the global stability of the US dollar.

Inflation fears kept Colombia's central bankers from reducing the key interest rate, amidst upward wage pressures.

IMF projects Colombia’s GDP growth at 2.5% in 2025; inflation easing to 4.5%, but deficit hits 7.1% and debt peaks at 62.3% by 2027.