Peso retreats on capital controls speculation
The Colombian peso retreated for a third straight day Wednesday on speculation that the central bank may announce additional measures to rein in the currency in its monetary policy meeting…
The Colombian peso retreated for a third straight day Wednesday on speculation that the central bank may announce additional measures to rein in the currency in its monetary policy meeting…
Colombia’s central bank is expected to keep steady its benchmark interest rate at its monetary policy meeting Friday as faster economic growth hasn’t yet spawned inflationary pressures. The central bank’s…
Colombia’s Central Bank intervened in the foreign exchange market Monday to purchase $20 million at 1,798 Colombian pesos per U.S. dollar. The central bank started purchasing dollars last Wednesday, intervening…
There is a hypothesis that economists call “The Impossible Trinity” or the “Trilemma,” which claims that countries cannot control the exchange rate of their currency, allow free capital movement, and…
The Colombian peso retreated Thursday as the central bank continued its policy of intervening in the spot market in a bid to rein in currency’s appreciation. The peso closed at…
Colombia’s central bank on Wednesday started purchasing what it said would be at least $20 million daily for the next four months to help ease the rise of its currency,…
Colombia’s peso fell the most in a month on Wednesday morning after the central bank said it would buy “at least” $20 million a day to stem a rally that…
Colombia’s central bank appears to be expanding its arsenal to combat the appreciation of the peso, potentially making it more difficult for investors to assess the scope of the bank’s…
Colombia’s Central Bank foresees increased capital flows into the economy through early 2011 and expects inflation to remain within policy makers’ long-range targets, according to the minutes of its last…