Central bank to extend rate hikes, sees strong growth
Colombia’s central bank is set to continue with its cycle rate hikes as the economy continues to gain speed, according to minute from the bank’s last monetary policy meeting. The…
Colombia’s central bank is set to continue with its cycle rate hikes as the economy continues to gain speed, according to minute from the bank’s last monetary policy meeting. The…
Colombia’s economic authorities are set to face a renewed spate of political pressure to curb a surging peso as booming foreign investment mixed with the global weakness of the dollar…
Members of the board of the central bank Wednesday said they are unsettled by the request of President Juan Manuel Santos to limit the rise in the interest rate. Monday…
Colombian President Juan Manuel Santos on Tuesday asked the central bank to think twice about further interest rate increases from the current 4% because it might impact the Andean nation’s…
The seven member board of Colombia’s Central Bank decided to raise the benchmark interest rate by 25 basis points, or 0.25%, to 4% on Monday morning, according to a Central…
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…
Finance Minister Juan Carlos Echeverry said that the extended rainy season has not affected Colombia’s economic growth goals or inflation targets, newspaper El Espectador reported Wednesday. Despite the fact that millions…
Colombia’s retail sales and industrial output both rose in March, according to government data out Thursday. Retail sales surged 14.6% in March from a year earlier, while industrial output climbed…
Colombia’s central bank said one reason for raising interest rates to 3.75% on April 29 was to ensure financial stability. “Very low rates of interest over a prolonged period of…