Posted by Adriaan Alsema | Oct 1, 2011 | Economy
Colombia’s central bank left its key interest rate on hold Friday and revamped its tools to intervene in the foreign exchange market in an attempt to avoid volatility in the exchange rate. The central bank announced that...
Read MorePosted by Adriaan Alsema | Sep 30, 2011 | News
Venezuela Foreign Minister Nicolas Maduro has canceled a visit to Colombia planned for Monday, an official in Bogota said Friday. Maduro was due to meet formally with his Colombian counterpart Maria Angela Holguin, but informed...
Read MorePosted by Adriaan Alsema | Sep 30, 2011 | Economy
Colombia’s unemployment rates fell in August from the same month last year, the government’s statistics agency said on Friday. The urban unemployment rate in the Andean nation, based on surveys in Colombia’s 13...
Read MorePosted by Adriaan Alsema | Sep 29, 2011 | Economy
Colombia’s finance minister told Bloomberg Thursday he is expecting a 5% growth in his country’s GDP in 2012, despite economic turmoil around the world.
Read MorePosted by Adriaan Alsema | Sep 29, 2011 | Economy
The Colombian peso is unlikely to depreciate much more and should trade around the COP1,900 level, Colombia Finance Minister Juan Carlos Echeverry told Dow Jones Newswires Thursday. “I was not that happy with the peso in...
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