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.…
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.…
“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…
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…