Colombian economy grows 7.52% in 2007
The National Administrative Statistics Department (DANE) of Colombia said in a report that the economic growth last year recorded the nation’s highest in the past three decades thanks to construction…
Economy
Peso boosted to eight-year high
Colombia’s central bank raised the key lending rate a quarter percentage point to 9.75 percent on February 22, luring capital to the fixed-income market, in an effort to stem inflation.…
Colombian national bank does act on inflation
“Any doubts about the bank’s inflation-fighting intentions have been laid to rest today,” said economist Alberto Ramos at Goldman Sachs Group to Bloomberg: “The board was divided and they didn’t…
Food prices to rise further
The inflation is a consequence of a reduced foodsupply to the country and the high international prices of agricultural products which the country imports, not only for consumption but also…