Banco de Bogotá projects an 8.5% minimum wage increase for 2027

FinanceColombiaDiario del SurOct 29, 2026, 9:00 AM35 s readAI summary

Banco de Bogotá projects that Colombia's minimum wage would rise 8.5% in 2027, bringing the monthly base pay to about 1.9 million pesos excluding transport allowance. Its Economic Research Department considers 8% technically desirable, based on an estimated 6.8% inflation at the end of 2026 and 1.2% labor productivity. The bank warns that a double-digit increase would force Banco de la República to keep rates high for longer.

In 35 seconds

Banco de Bogotá forecasts an 8.5% increase and a base salary of 1,890,977 pesos, 140,072 pesos more per month.
Its technically desirable calculation is 8%, with 6.8% inflation at end-2026 and 1.2% productivity.
A double-digit increase would force Banco de la República to keep rates high for longer, according to the bank.

Read the full story at Diario del Sur

IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.

salario mínimo
Banco de Bogotá
inflación
empleo
Colombia

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Banco de Bogotá projects an 8.5% minimum wage increase for 2027

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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