As the Colombian central bank convened on Monday to discuss possible measures for controlling a strengthening peso and boosting economic growth, the country’s finance minister said that capital controls on…
Colombia’s central bank is likely to raise interest rates to cool inflationary pressure, according to 21 economists surveyed by Bloomberg. The economists predicted that the bank’s board of directors will increase…
Colombia’s richest man and president of business consortium Aval Group’s board of directors has said that now is not the time for capital controls. Luis Carlos Sarmiento Angulo, worth $1.1…
Members of the Colombian central bank’s board have expressed disagreement over the use of short-term capital controls to slow strengthening of the peso in relation to the dollar, Reuters reported. On…
Colombia Finance Minister Juan Carlos Echeverry said Tuesday the government doesn’t support the use of capital controls to halt gains in the peso, which has surged 5% against the dollar…
The Colombian central bank moved to dispel the possibility that it could soon impose capital controls to cool off the peso, which has surged this year fueled by foreign investment…