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Markets Closed For Local Holiday, Bonilla On Fiscal Rule

COLOMBIA
  • There is a national holiday in Colombia today for Epiphany Day and local markets will be closed.
  • Over the weekend, Finance Minister Ricardo Bonilla spoke in an interview with Semana magazine, where he said there is no bill relating to the fiscal rule, or balanced budget act, but there is a debate which the government intends to continue. Bonilla added that gasoline price only requires one more hike and that the government will see how strong revenue is in 1H to determine whether further tax hikes are needed.

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