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Colombia begins transition of power after elections

Colombia begins transition of power after elections
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A 10% Jump in Minimum Wage Puts Colombia Central Bank in a Bind

(Bloomberg) Colombia’s biggest minimum-wage increase in 50 years is adding pressure on the central bank to raise rates faster and further before an inflation spiral takes hold.

The 10% pay hike goes into effect Jan. ....

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UPDATE 2-Colombia central bank raises interest rate to 2.5% in majority decision

Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate. ....

Andrea Ricci , Jose Manuel Restrepo , Daniel Wallis , Oliver Griffin , Leonardo Villar , Nelson Bocanegra , Julia Symmes Cobb , Carlos Vargas , Camilo Perez , Raissa Kasolowsky , Thomson Reuters Trust Principles , Finance Minister Jose Manuel Restrepo , Thomson Reuters Trust , Rates Update 2 , Central Banks Bank Events , Currency Intervention , Debt Fixed Income Markets , Emerging Market Countries , Economic Output , General News , Government Finances , National Government Debt , Health Medicine , Human Diseases Conditions , Infectious Diseases , Interest Rates Policy ,

UPDATE 2-Colombia central bank raises interest rate to 2.5% in majority decision

Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate. ....

Andrea Ricci , Jose Manuel Restrepo , Daniel Wallis , Oliver Griffin , Leonardo Villar , Nelson Bocanegra , Julia Symmes Cobb , Carlos Vargas , Camilo Perez , Raissa Kasolowsky , Thomson Reuters Trust Principles , Finance Minister Jose Manuel Restrepo , Thomson Reuters Trust , Rates Update 2 , Central Banks Bank Events , Currency Intervention , Debt Fixed Income Markets , Emerging Market Countries , Economic Output , General News , Government Finances , National Government Debt , Health Medicine , Human Diseases Conditions , Infectious Diseases , Interest Rates Policy ,

UPDATE 1-Colombia central bank raises interest rate to 2.5% in majority decision

Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate. ....

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