Deadly violence against Colombia’s social leaders persists
Wiretap scandal rocks Colombia’s government
Colombia charges mining executives over terrorist financing
Colombia’s prosecution raids president’s office amid growing tensions
Guerrillas threaten Colombia’s local elections
Colombia’s ceasefire talks with ELN rebels extended
NGO’s urge Colombia to sink investor protection treaties
Bogota court refuses to drop fraud and bribery...
Petro ends ceasefire with FARC dissidents in south...
Colombia’s prosecution cornered over drug links
  • 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 national bank does act on inflation

by Adriaan Alsema February 23, 2008
1.9K

“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 hide that. When the finance minister, a voting member of the board, says publicly not to raise rates and it does it anyway, it reinforces credibility and shows the bank doesn’t bow to political pressure.”The bank said friday that it was forced to raise rates to control inflation. Analysts who have provided the bank with forecasts agree the pace of rising prices is picking up and may continue for a year or more, the bank said. Without the increase, Colombia would see a growing threat to economic growth and employment, it said.The bank didn’t give any indications of the direction it would take in the coming months.

Contribute

Trending

  • Colombia’s prosecution raids president’s office amid growing tensions

  • Guerrillas threaten Colombia’s local elections

  • Colombia’s ceasefire talks with ELN rebels extended

For patrons

Downloads for patrons

  • Twitter
  • Email
  • Rss

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


Back To Top
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