Tag: Bank of the Republic

“It’s good news”: Petro on interest rate cut

“It’s good news”: Petro on interest rate cut

According to the monetary authority, this trend was promoted “by the good behavior of the food priceswhose annual inflation rate was 8.25%, more than two percentage points lower than that of October”, although the regulated prices sector “continued to put upward pressure on inflation due to increases in fuel and energy prices. For this reason, […]

What are the inflation forecasts for November?

What are the inflation forecasts for November?

“We expect a variation of 0.60%,” he indicated. Camilo Perezresearch manager economic of the Bank of Bogotá. Andrés Langebaek, director of economic studies at Grupo Bolívar, pointed out that he expects an acceleration in the food sector from 0.2% in October to 0.91% in November. Ultra-processed food, gasoline and rising energy rates can influence inflation […]

“I do not agree with maintaining the rate”: Minister of Finance

“I do not agree with maintaining the rate”: Minister of Finance

Regarding the increase in gasoline prices, which has implications for inflation in the country, Ricardo Bonilla warned that fuel prices will continue to rise. ‘The most important conclusion from the discussion about reducing inflation is the weight of the fuel. Colombia is one of three Latin American countries that have frozen fuels. When the Bank […]

Interest rates will fall to 12.75%, Fedesarrollo survey predicts

Interest rates will fall to 12.75%, Fedesarrollo survey predicts

Analysts consulted by Fedesarrollo expect the Bank of the Republic’s intervention rate to close the year at 12.75% in October. The interest rate has been at 13.25% for five months. For the months of October and December, analysts expect the intervention interest rate to be 13.25% and 12.75% respectively. They also expect the intervention rate […]

Anif notes a clear moderation in domestic demand

Anif notes a clear moderation in domestic demand

“The energy basket leads again annual variationdriven by the price of the fuels; However, by September the economy is consolidating its downward trend. Likewise, the decline in core inflation (less energy and food), which is in single digits for the first time since January, could be evidence of the moderation of domestic demand,” he emphasized […]

The dollar is strengthening against the Colombian peso

The dollar is strengthening against the Colombian peso

The dollar in Colombia will have a representative market rate this Tuesday (TRM) of 4,052.54 pesos. The price gained a hundred pesos compared to last week’s closing price and, according to analysts, is a symptom of a reaction to the FED’s decision and higher oil export prices. The Brent barrel, a reference for Colombia, rose […]

Fedesarrollo business survey estimates inflation at 9.43%

Fedesarrollo business survey estimates inflation at 9.43%

The cost of living in Colombia for this year has been projected at 9.43% by the Fedesarrollo business survey. In September, the analysts surveyed also predicted that the Bank of the Republic’s intervention rate would end the year at 12.50%. In terms of economic growth, they project an annual variation in GDP of 0.5% for […]

The country recorded a record foreign direct investment in the month of April

The country recorded a record foreign direct investment in the month of April

Foreign direct investment arriving in the country in the month of April amounted to USD 1,951 million which represented a significant increase of USD 1,072 million compared to the month of March which amounted to USD 879 million. According to data from the Bank of the Republic, the annual rate is 12.3%, which means that […]

Confidence should be sent to investors: experts before rate hikes

Confidence should be sent to investors: experts before rate hikes

Maria Claudia Lacouture, President of the Colombian American Chamber of Commerce (AmCham Colombia), indicated that it is not only a measure to counter inflation, but also puts more pressure on the economy. “It is useful to pay attention to the continued rise in inflation so that consumption and household wallets are not affected, while the […]

Inflation ate household purchasing power

Inflation ate household purchasing power

Roberto Hernandeza professor at the Latin American University Corporation (CUL), said that one of the most relevant causes of the increase in inflation is that Colombia is a country that imports many products, which became more expensive due to the increase in the exchange rate, which is more than reached $5,000. “We produce wheat, but […]

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