Latest news and articles about Colombian economy from NEX English
The withdrawal of the Colombian Finance Minister from the recent Central Bank meeting raises serious questions about policymakers' ability to manage monetary policy. This comes as the next meeting approaches, increasing economic uncertainty.
The Colombian Central Bank has raised the main interest rate by a full percentage point following the withdrawal of Finance Minister Avila from a monetary policy meeting. This move reflects increasing tensions between the government led by Gustavo Petro and the monetary authority.
The board of directors of Colombian company Ecopetrol will hold a crucial meeting on March 30 to determine the fate of CEO Ricardo Roa. This meeting comes amid increasing pressure from politicians and workers threatening to disrupt Colombia's largest company.