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Colombia’s economy grows, but high rates and delayed tax collection hinder progress. Floods rise, La Niña looms, and the wage debate continues.

Even without reform debates in Congress, there’s been a lot happening.

Colombian truckers are on strike and blocking traffic, angry about the price of diesel fuel.

Restaurants/Hotels & Cigarettes and Alcohol also rose 0.33% & 0.22% respectively which means Colombians are still insistent on enjoying themselves.

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.

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%