• TRM (USD/COP)COP 3,316.70 +0.45% +COP 14.79Colombia's official exchange rate (Financial Superintendence), valid Nov 14 to Nov 17
  • EuroCOP 3,665.63 +0.45% +COP 16.34Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 178.38 +0.44% +COP 0.79Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Negotiations over Colombia's 2027 minimum wage begin: the one- or two-digit tug of war

FinanceColombiaRevista SemanaAI summary
Image: Revista Semana

On November 18 the tripartite concertation table will be installed to set Colombia's 2027 minimum wage, a week earlier than planned. The discussion follows the 23% increase decreed for 2026, which according to Bancolombia added about 2.5 percentage points to this year's inflation. With inflation estimated between 6.5% and 7% plus productivity, the technical reference would stand near 8.4%. The debate is whether the raise will be one or two digits.

In 35 seconds

  • The tripartite concertation table for the 2027 minimum wage will be installed on November 18, a week earlier than planned.
  • Bancolombia estimates the 23% increase for 2026 added about 2.5 percentage points to this year's inflation.
  • The technical reference for 2027 would stand near 8.4%, with inflation estimated between 6.5% and 7%.
Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

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