Tag

Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.

AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market...

Colombia's Central Bank, Finance Ministry, and Financial Regulator met today to discuss the rapidly deteriorating global financial situation fueled by coronavirus, outbreak of petroleum price war, and a falling currency value.

Colombia’s President Iván Duque Márquez announced yesterday, from his Twitter account, the appointment of University of Los Andes economist Arturo José Galindo Andrade as the new co-director of the Banco de la República, Colombia’s Central Bank, replacing José Antonio Ocampo. “I...

According to analysis provided by Bancolombia, Colombia’s consumer price index recorded a monthly increase of 0.27%, coming in at 6 basis points higher than the 0.21% expected by economic analysts. The inflation rate is higher than that of the past decade, 0.23% Costs of produce...

The put options will be in force from December 4-28, according to the Bogotá-based Banco de la República. 

In mid-November, the Banco de la República forecasted inflation to end both 2018 and 2019 at 3.3%.

Banco de la República has now held the rate steady since cutting it by 25 basis points to 4.25% at its April meeting.

Compared to June, the consumer price index fell by 0.13% — significantly below the consensus forecast.

The decision to maintain the current rate was approved unanimously by all seven members of the board of the Banco de la República.