Colombia's central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a ...

B OGOTA (Reuters) - Colombia's incoming finance minister German Avila said on Friday that under his term the country would continue to pay back its pubic debt and look to improve tax collection in ...

(Bloomberg) -- Colombian President Gustavo Petro is close to naming Germán Ávila, the head of the country’s state-run banking group, as his next finance minister. Ávila will take over as ...

Colombia’s incoming finance minister Germán Ávila said recent interest rate decisions have been “too moderate” and called for “much more aggressive” monetary easing. “Now is the time ...

Radio station Caracol said Guevara is to be replaced by German Avila, the head of Grupo Bicentenario, a holding company created six years ago of firms in which the government holds a stake.

and by new finance minister German Avila, who told journalists last week he would opt for a rate cut. The board decided by majority to hold the rate at its last vote in January, the first pause ...