Colombia’s Central Bank doubles dollar purchases, lifts rates to 4%
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia currently offers the best returns in the world for “carry-trade” investment and investors should take advantage, according to analyst reports published by US news-wire Bloomberg late on Thursday.
Despite back-to-back interest rate hikes by Colombia’s central bank, economic growth is accelerating with inflation within targets, reported US news service Bloomberg.
Colombia’s bond yields fell Wednesday, after the country’s central bank lowered borrowing costs by a “surprising” half a percentage point. Yields on peso bonds due in 2014 fell to 3.58%…
Foreign investment in Colombia reached the dizzy heights of $11.8 billion by August this year representing a growth of 20.39% from the same period in 2011, said a report from…
Colombia’s Ministry of Economic Development reports that since 2008 there has been a steady decrease in remittances that Colombian’s abroad are sending to their families at home. In the past…
Colombia’s peso fell from a two-year high on speculation the Central Bank will announce measures to stem the local currency’s rally. The peso dropped 0.3% to 1,811.75 per U.S. dollar…
New figures show that Colombians working abroad are sending less money home for the third year in a row. Analysts blame the crisis in Europe and the faltering recovery of…
A report released by Colombia’s Banco de la Republica shows that remittances sent by foreign banks to the Andean nation are down 17.7% for the first three months of 2010…