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Colombia will soon introduce a redesigned 50,000-peso bill that features a Gabriel García Márquez and members of the indigenous community in the Sierra Nevada de Santa Marta.

The inflation rate in Colombia has hit yet another 16-year high, rising to 8.97% in July compared to 8.60% in June. Consumer prices jumped much more than expected.

This marks the 11th consecutive month that the Banco de la República has intervened in a fight against an inflation rate that has hit a 16-year high.

"There is little room for policymakers to leave interest rates on hold," according to Capital Economics analyst Adam Collins.

Colombia officially begun circulating its redesigned 20,000 peso bill today as the first in a series of redesigned notes that will help prevent counterfeiting. The multi-colored bill is largely orange and includes the likeness of former President Alfonso López Michelsen, who...

To fight the highest inflation Colombia has seen in 15 years, the nation's central bank raised its benchmark interest rate, up 25 basis points to 7.5%, for the tenth consecutive month.

The highest inflation level since 2001 is "testing Colombia's commitment to preserving the credibility of its inflation targeting regime," says Fitch.

Colombia’s central bank moved to tighten Colombia’s money supply yesterday, by raising the benchmark interest rate a quarter of a percentage point to 6.25%. Colombia is facing inflationary pressures due to the precipitous fall of its Colombian peso against the US dollar, falling...

The Banco de la República (Central Bank of Colombia), the Bilateral Assistance and Capacity Building for Central Banks Program (BCC) at the Graduate Institute, and the Swiss Secretariat for Economic Affairs (SECO) are jointly organizing a conference on Policy Lessons and...

Colombia’s Central Bank board at its meeting last Friday decided to keep the country’s benchmark interest rate at 4.5% taking into account the following: The United States economy is expanding at a slower pace, and the Euro area and Japan are showing signs of gradual recovery....