Reported about 17 hours ago
Colombia's inflation rate in December surpassed expectations, exceeding the central bank's target for the fourth consecutive year, as consumer prices rose by 5.2% in 2024. The central bank's recent decision to cut the key interest rate by only a quarter percentage point reflects a cautious approach amid tighter financial conditions and uncertainties regarding the government's fiscal position. Discussions about the impact of a significant minimum wage increase on labor costs and service prices are also ongoing, as policymakers prepare for their next meeting later this month.
Source: YAHOO