Colombia’s unprecedented police purge causes controversy
Gustavo Petro
Francia Marquez
Colombia suspends ‘most important project of this century’
How to end the war in western Colombia?
Colombia’s government talks peace with ELN in Cuba
Colombia and Venezuela reestablish diplomatic ties
How to keep Venezuela’s diaspora in Colombia safe?
Colombia’s new government proposes tax reform to finance...
Peace talks with Colombia’s ELN guerrillas ‘about to...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombian Central Bank hikes interest rate 25 base points

by Christan Leonard February 24, 2012

Central bank raises rate

The Colombian Central Bank raised the intervention rate 25 base points to 5.25%, their website revealed Friday.

The Board cited inflationary pressures from favorable terms of trade and expanding domestic credit as the reasons for the adjustment.

In January Colombia’s inflation rate was 3.54%, keeping it within the Bank’s target rate of 2% to 4%, but the Board decided to act preemptively to prevent excessive expansion.

The Bank’s statement said, “With recent policy changes it is hoped that inflation expectations will converge to the midpoint of the target range.”

The Board also announced that it would continue to limit the purchase of dollars to $20 million per day until at least August this year.

 

Central Bankeconomyinflation

Trending

  • Colombia suspends ‘most important project of this century’

  • Colombia’s new government proposes tax reform to finance ambitious agenda

  • Colombia’s largest paramilitary group announces unilateral ceasefire

Related articles

  • Colombia’s state-run oil company clashes with incoming government

  • Gross domestic product

  • Labor and unemployment

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top