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...
The Board of Colombia’s Bank of The Republic, at its meeting last Friday decided to keep the benchmark interest rate at 4.5%. According a statement released by the Central Bank, the Board took into consideration the following aspects when reaching its decision: The average...
Colombia’s Finance Minister Mauricio Cardenas said Friday from Puerto Inirida, Guainia, that the unemployment rate in Colombia dropped to 10.8% for January 2015, “in an environment of increased labor force participation by Colombian households with an increase in...
Photo credit: Loren Moss According to statistics released by DANE (National Department of Statistics), Colombia faced a 2014 inflation rate of 3.66%, an increase of 88% over 2013. The government statistics are important because many charges are set and adjusted annually based on...