Colombia inflation unlikely to meet 3% target in 2021: finance minister

Colombia’s consumer prices increases are unlikely to meet the central bank’s long-term 3% target next year, Finance Minister Alberto Carrasquilla said on Friday. A long coronavirus lockdown earlier this year and associated business closures and job losses have kept consumer demand weak in the Andean country. Twelve-month price growth was 1.49% in November, though analysts had expected 1.7%.

Source: Reuters