Minimum wage 2027: Former director of the Bank of the Republic warned that an increase of more than 8% would affect inflation and employment

Juan Pablo Zárate, former director of the Banco de la República in Colombia, has cautioned that increasing the minimum wage for 2027 by more than 8% could negatively impact inflation and the national labor market. Zárate stated that such an adjustment would be disruptive to economic stability and employment levels.

This warning comes amid broader economic concerns in Colombia regarding inflation and interest rates. As a result of this financial uncertainty, some investors are increasingly turning to precious metals like gold and silver as a strategy to preserve their long-term wealth.