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President Juan Manuel Santos welcomes his successor, Iván Duque, to the Casa de Nariño. (Photo credit: Presidencia de la República / Nelson Cárdenas, SIG)
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Colombian President Iván Duque Takes Office in a Divided Nation with a Recovering Economy

While the peace process and divisive politics in Bogotá will be thornier issues, Duque's management of the fiscal deficit will prove tricky even amid rising GDP growth rates.
Posted On August 8, 2018
, By Jared Wade
Colombian peso Colombia peso Colombia inflation (Credit: Jared Wade)
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Colombian Economy Grew by 2.2% in the First Quarter of 2018

This quarterly GDP growth represents an uptick from the meager 1.8% full-year growth in 2017 and is well above the 1.3% growth in the first quarter of 2017.
Posted On May 16, 2018
, By Jared Wade
bancolombia medellin
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Bancolombia Projects Colombian GDP to Grow by 2.5% in 2018

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.
Posted On February 4, 2018
, By Jared Wade
colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica
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Colombian Central Bank Surprises Market by Cutting Interest Rate by 25 Basis Points to 5.0%

The move continues a year-long rate-cutting trend but surprised a market that expected the Banco de la República to leave the rate steady.
Posted On October 27, 2017
, By Jared Wade
colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica
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No Intervention: Colombian Central Bank Makes No Cut for First Time Since January, Holds Interest Rate Steady at 5.25%

The bank left the door open for a future rate cut, saying that the interest rate is now "close to its neutral level, although there is uncertainty about that level."
Posted On September 29, 2017
, By Jared Wade
colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica
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Colombian Central Bank Cuts Interest Rate by 25 Basis Points to 5.25%

The Banco de la Repúblcia said that its decision was impacted by the "weakness in economic activity."
Posted On September 1, 2017
, By Jared Wade
colombia inflation rate peso 50 mil banco de la republica central bank Colombian peso Colombia peso Colombia inflation Colombia minimum wage colombian peso
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Colombia’s Inflation Falls to 3.99% in June – Back Within Central Bank’s Target Range for First Time in Over Two Years

The 3.99% rate is 38 basis points below the 4.37% annual inflation seen in May and less than half of the 8.60% rate in June 2016.
Posted On July 8, 2017
, By Jared Wade
JUAN JOSE ECHAVARRIA central bank colombia banco de la republica interest rate inflation
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Colombian Central Bank Head Hopes to Cut Interest Rate by Another 100 Basis Points this Year

"The economy is slowing down or not growing much, and on the inflation side we have good news but not good enough," said Echavarría.
Posted On June 13, 2017
, By Jared Wade
colombia inflation colombian peso
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Colombia’s GDP Only Grew by 1.1% in the First Quarter of 2017

Most analysts are equating the underwhelming growth to low consumption following the recent tax hike that increased Colombia's VAT by 3%.
Posted On May 28, 2017
, By Jared Wade
colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica
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Colombia’s Central Bank Cuts Interest Rate by 25 Basis Points to 6.25%

The 25-point cut narrowly won the day among central bank board members with a 4-3 vote. All three dissenters preferred another 50-point reduction.
Posted On May 27, 2017
, By Jared Wade
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RECENT

POPULAR

COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

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Posted On June 20, 2022
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Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

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