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

A stronger dollar and a 21% oil slump battered peers, yet Colombia's currency broke ranks. Bancolombia explains why - and where it goes next.

Colombia's TES curve rallied after the election, but Bancolombia warns the government's 5.3% deficit target looks too optimistic.

Fitch warns Colombia's fiscal gap requires a 4%-of-GDP adjustment — whoever wins the June 21 runoff faces the same uphill climb.

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

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.

Sectorially, financials (94.1%) are the top pick followed by Energy (82.4%), while oil has dropped away to 35.3%.

Latin America could continue to benefit from re-shoring as the U.S. seeks to reduce its businesses reliance on Chinese suppliers. China’s own economic recovery will be a significant determinant of commodity prices.

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