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Finance Minister Germán Ávila walked out of a central bank board meeting, accusing it of going against Colombia’s national interests and deepening institutional tensions.

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."

The Banco de la República may cut rates by 25bps to 9.25% amid falling inflation.

Gustavo Petro has exercised his constitutional right to replace two members of Colombia's central bank, despite howls of protest.

Inflation fell more than expected in August to 6.1% (5.5% core), and the Central Bank hasn't met since the end of July.

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

The absolutely key takeaway from these developments is the fact that the institutions of Colombia are holding very firm.

President Petro has asked the Prosecutor's office to investigate his own son and brother for alleged irregularities.

On the markets the Peso had a bumpy week before recovering somewhat by Friday.