Government fiscal and monetary policy changes.
The Board of the Bank of the Republic decided to keep the intervention rate at 7.5%
In short, the Colombian economy continues to adjust to strong shocks since 2014 and the current account deficit continues to be corrected. Product dynamics have been weaker than projected and inflation continues to decline, although basic inflation measures and inflation expectations exceed the 3% target. The effects of several of the supply shocks that have affected inflation and its expectations continue to recede and this trend is likely to continue. The tax reform approved in Congress favors productive investment and allows higher levels of income to be achieved in the long term, in addition to consolidating the country's fiscal and external sustainability.
For our company it is important that the intervention rate stays the same because due to the changes in the tax reform inflation has been decreasing and this would affect the purchase of our products and start to lose income.
In addition, the hospitality industry grew by 12% in 2015, of which the food industry by 3.5%
3.5% was from the food and beverage industry. According to figures from, Acodrés, every month about 15 or 20 restaurants open in the country.
Regarding current trends in this sector, the president reported that new restaurants are perceived as vegetarian, organic or fusion food, however, Colombia has the advantage that there is consumer for all tastes.