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Colombia’s incoming administration faces a currency challenge as the peso’s strength pressures exporters, tourism and investment.

The peso sits near $3,200COP, but Bancolombia’s model pegs fair value at $3,720 COP — and sees it drifting back by 2027.

The mid-year update also lifts the bank's policy-rate call to 12.75% and trims its peso forecast as remittances hit records.

The persistence of fiscal imbalances motivated the downgrade of Colombia's credit rating by S&P.

The emphasis of monetary policy will not only be on reaching a sufficiently contractive level, but on the duration of that stance.

Pacific warming patterns suggest a 61% chance of El Niño by July, posing significant supply chain and power price risks for Colombia.

S&P Global Ratings lowers Colombia's credit rating to BB- as persistent deficits and policy shifts challenge economic stability in 2026.

The Colombian central bank adjusts its stance as global energy instability and persistent internal pressures drive inflation concerns.

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

A week dominated, or at least that was the perception, by politics.