Dossier
Colombian Congress
Coverage of Colombian Congress in the Nexus archive.
- Colombia’s Surprise Rate Hold Aimed to Avoid Election Noise
Colombia's central bank is expected to raise interest rates by 100bps for the second time, reaching 11.25%. This decision aims to avoid election noise. The rate hold was decided by the Colombian Congress in Bogota.
- Colombia Buys Back $4.4 Billion in Bonds Weeks Before Election
Colombia repurchases $4.4 billion in bonds weeks ahead of the national election. The move by the Colombian Congress in Bogota aims to manage public debt and stabilize the economy during a politically sensitive period.
- Colombia Forces Pension Funds to Cut Assets Held Overseas to 30%
Colombia's government mandates pension funds to reduce overseas assets to 30% as part of economic reforms. The central bank plans a second consecutive 100bps rate hike, raising the benchmark rate to 11.25% to stabilize the currency.