Finance

Analysts expect the dollar between 3,250 and 3,300 pesos at year-end
Analysts expect the dollar to rebound in Colombia toward the end of 2026. The Davivienda Corredores Financial Assets Survey, conducted between October 13 and 19, found that 60 percent of the institutional investors consulted expect the dollar between 3,200 and 3,400 pesos at year-end, with a median of 3,300. Credicorp Capital estimates 3,250 pesos for December, compared with 3,148 pesos at the previous Friday's interbank close. Foreign currency inflows and US rates influence the price.
FinanceColombiaEl TiempoOct 25AI
Dollar ends the week nearly flat in Colombia: TRM at COP 3,158.43 and spot at COP 3,145
The dollar ended the week almost where it started in Colombia. The TRM moved from COP 3,156.46 on Monday, October 19, to COP 3,158.43 on Friday, October 23, a rise of COP 1.97, and never exceeded COP 3,200. In the spot market the decline was nearly COP 13, to COP 3,145. High oil prices, domestic fiscal uncertainty, global risk aversion and the Banco de la República's 12.25% rate explain the behavior, according to the analysts cited.
FinanceColombiaEl EspectadorOct 25AI
Users' League reports 7.2% increase in electricity tariffs in the Caribbean region
The Liga Nacional de Servicios Públicos Damnificados de la Costa Caribe reported that the kilowatt hour rose from $873 to $936 in October, an increase of $63 equivalent to 7.2%, which would be reflected in November bills for users in Atlántico, Magdalena and La Guajira, served by Air-e Intervenida. The organization linked the adjustment to the distributor's financial difficulties and questioned the additional charge under the CREG's Temporary Energy Saving Program.
FinanceColombiaEl TiempoOct 25AI
Banco de la República prepares for its next interest rate decision on October 30
Banco de la República is assessing the conditions needed to control inflation and support financial stability ahead of its next meeting, scheduled for October 30, which will be closely watched by markets, financial institutions and citizens with housing, consumer or vehicle loans. Interest rate decisions influence the cost of money and the pace of economic activity. Analysts will monitor inflation data, consumption and market expectations to interpret the decision.
FinanceColombiaDiario del SurOct 25AI
Brazil votes with a USD 2.26 trillion economy at stake: what it means for Colombia
Brazil holds its runoff election on Sunday between Flávio Bolsonaro and Luiz Inácio Lula da Silva, tied in Datafolha polls, with a USD 2.26 trillion economy at stake. Its 2025 exports totaled USD 348.7 billion, nearly 80% of Colombia's GDP (USD 438.121 billion) and above Chile's nominal GDP. For Colombia, Brazil is already the third destination for its non-mining-energy exports, which grew 22.1% between January and August.
FinanceColombiaEl EspectadorOct 25AI
Fiscal deficit puts pressure on rates, credit and the dollar, Banco de la República warns
The central government deficit reached 4.6% of GDP in the first eight months of 2026, about 91.2 trillion pesos, according to the Ministry of Finance. Banco de la República governor Leonardo Villar warned that the deterioration of public accounts can affect inflation, interest rates, credit costs and the dollar. The policy rate stands at 12.25% and the Board decides on October 30.
FinanceColombiaEl DiarioOct 25AI
China and South Korea gain ground in Colombia's vehicle market as Brazil and Mexico lose share
Between January and August 2026, Colombian imports of vehicles, parts and accessories grew 55.9% compared with the same period in 2025, according to ANIF data. China accounted for 30.1% of vehicle imports as of July 2026, up from 16.1% in 2022, and South Korea rose from 2.5% to 11.6%, while Brazil and Mexico lost share. New vehicle registrations rose 36.1% year on year in September 2026, and hybrids and electrics made up 46.2% of sales between January and September.
FinanceColombiaBloomberg LíneaOct 25AI
Camacol outlines four fronts to revive housing construction in Colombia
At the Colombian Construction Congress organized by Camacol in Cartagena, business leaders, bankers and experts presented proposals to revive the sector. Camacol said Colombia has COP 98 billion in housing projects that have not started construction, across more than 1,400 projects and nearly 257,000 pre-sale homes, and proposed focusing efforts on housing access, land enablement and urban renewal, new business models and simplified procedures.
FinanceColombiaELHERALDO.COOct 24AI
Avianca receives a World Finance award for its sustainability strategy
British magazine World Finance honored Avianca in the airlines category for Iberia and Latin America for implementing its environmental, social and governance (ESG) criteria. The recognition highlights its fleet renewal, with 48 Airbus A320neo aircraft by the end of 2025 that cut fuel consumption by up to 20%, and the 'Alianzas para el Desarrollo' strategy, which benefited more than 54,000 people in 2025 together with 29 organizations.
FinanceColombiaExpreso - Diario de viajes y turismoOct 24AI
Colombia's 2027 minimum wage debate starts from a technical increase near 8%
Negotiations over Colombia's 2027 minimum wage between the government, business groups and unions will use inflation and productivity as references. Technical estimates point to an increase of between 8% and 9%, based on projected inflation of 6.8% at the end of 2026 and labor productivity of 1.2%. An 8% rise would take the current minimum of $1,750,905 to about $1.89 million a month, excluding transport allowance. Concertation meetings would take place toward the end of November and the process must be resolved by December 15 at the latest.
FinanceColombiaEl DiarioOct 24AI
Debate over Colombia's 2027 minimum wage ranges from an 8% technical hike to more than 10%
Negotiations to set Colombia's minimum wage for 2027 will range between an increase close to 8%, based on inflation and productivity, and one above 10% due to political and union pressure. The Labor Ministry aims to bring economic variables back into the formula: 6.8% inflation and 1.2% productivity. Banco de Bogotá economists calculate an 8% technical increase and expect a final decision of 8.5%, which would put the minimum wage at about $1.89 million per month without transport allowance.
FinanceColombiaDiario del SurOct 24AI
Enka approves new bottle-to-bottle PET recycling plant and a solar project
Enka's Board of Directors approved investment in a third bottle-to-bottle PET recycling plant to produce EKO®PET resin, suitable for food contact, with a capacity of 16,500 tons per year. It also approved a solar energy project to partially supply its recycling plants. The investments exceed US$15 million. The company says the expansion responds to growing demand for food-grade recycled resin in Colombia and increases demand for recovered post-consumer bottles.
FinanceColombiaPortafolioOct 24AI
Colombia's central bank: 6.29% inflation and El Niño limit rate options
Annual inflation in Colombia stood at 6.29% in September, more than double the Banco de la República's 3% target, driven by food and regulated prices. The board raised rates by 25 basis points in a split vote: four in favor, two for holding and one for a 50-point hike. Rates have accumulated 300 basis points of increases since December 2025. The minutes warn that El Niño and higher oil and agricultural input prices could add further pressure on prices.
FinanceColombiaEl EspectadorOct 24AI
Anif expects Banco de la República to raise its rate to 12.50% in October
Anif's survey on the intervention rate shows that 13 of 19 corporations analyzed expect a 25-basis-point hike in October, from 12.25% to 12.50%, while six expect it to stay at 12.25%. Projections point to a divided decision on the board. The survey follows annual inflation of 6.29% in September, 229 basis points above the upper bound of the 4% target range.
FinanceColombiaPulzoOct 24AI
Colombia's 2027 minimum wage: technical formula points to 8% while political debate reaches 10%
Negotiations over Colombia's 2027 minimum wage begin with a technical formula of 8%, according to Banco de Bogotá economists, who project 6.8% inflation and 1.2% productivity. The bank forecasts an 8.5% increase, which would take the minimum wage to 1.89 million pesos without transport allowance, and Corficolombiana also proposes 8%. Labor Minister Natalia López will lead the concertation table after the 23% increase for 2026.
FinanceColombiaDiario del SurOct 24AI
Colombia's central bank projects stable interest rates and inflation under control
The board and technical team of Banco de la República presented their economic projection for the end of the year: inflation's convergence toward the target range would continue to open room for further easing of policy interest rates. The balance attributes price moderation to food, stabilized transport costs and orderly exchange-rate behavior. Business groups and analysts highlighted that a lower-rate environment would ease corporate financing and private investment.
FinanceColombiaDiario del SurOct 24AI
Colombia's TRM for Saturday, October 24, 2026, falls to 3,158.43 pesos per dollar
The representative market rate (TRM) in force this Saturday, October 24, 2026, is 3,158.43 pesos per dollar, according to Colombia's Financial Superintendency, a decrease of 26.58 pesos (about 0.83%) from 3,185.01 on Friday, October 23. At exchange houses, Bogotá posts the highest buying price at 3,141 pesos per dollar and Medellín the lowest selling price at 3,183. Cartagena has the widest spread (230 pesos) and Cúcuta the narrowest (50).
FinanceColombiaRevista SemanaOct 24AI
Colpensiones to raffle 500 BEPS consumption vouchers on November 19
Colpensiones will hand out the remaining 500 consumption vouchers of its BEPS raffle on November 19. To qualify, savings must be credited before October 31; for housing and equipment vouchers the savings deadline closes on December 31. Each COP 120,000 saved through authorized collection networks counts as an entry, and housing requires at least COP 240,000 in own funds. 200 vouchers were already awarded on July 16 and 300 on September 17.
FinanceColombiaEl EspectadorOct 24AI
Banco de la República expects Teatro Amira de la Rosa works to finish in the first quarter of 2029
Banco de la República said the intervention at the Teatro Amira de la Rosa in Barranquilla will finish in the first quarter of 2029, not in 2028 as previously expected. The entity said findings of structural damage forced changes to designs and technical procedures to preserve the heritage building and ensure its stability. Foundation and structural reinforcement work is 90% complete, and the first phase of restoring the folded roof has been finished.
FinanceColombiaEl EspectadorOct 24AI
Inbound tourism generated $5.619 billion in foreign currency in the first half of 2026
According to ANATO figures presented on October 22, 2026, inbound tourism generated $5.619 billion in foreign currency for Colombia in the first half of the year, a 4.9% increase over the same period in 2025. The guild also reported about 3.3 million non-resident visitors through July and a 20% rise in international arrivals to Nariño between January and September. ANATO submitted proposals to the Government to improve business competitiveness and international promotion.
FinanceColombiaDiario del SurOct 24AI