Colombia’s May exports up 28% on-year
Colombia’s exports rose 28% in May compared with the same month last year, according to statistics agency DANE, Reuters reports. Exports rose to $3.51 billion in May 2010, up from…
Colombia’s exports rose 28% in May compared with the same month last year, according to statistics agency DANE, Reuters reports. Exports rose to $3.51 billion in May 2010, up from…
The Colombian peso soared to an eight-month high Tuesday and is up 8.4% this year, which is the largest rise out of any world currency tracked by Bloomberg. The peso…
The Colombian economy is recovering faster than expected while the resurgence in economic activity is not spawning inflationary pressures, the Central Bank said Friday in the minutes from its last…
Colombia’s Central Bank plans to keep the benchmark interest rate at its current historic low of 3% until after the third quarter of this year, board member Fernando Tenjo told…
The Colombian economy is expected to have grown 2.3% to 3.1% in the first quarter of the year, the Central Bank said in a report released Wednesday. The Central Bank…
Morgan Stanley warned Tuesday that Colombia’s surprise interest rate cut could lead to problems with inflation later in the year, Bloomberg reports. “The central bank’s decision to cut rates may…
The Colombian peso slumped to its lowest level in three months at the close of business trading on Tuesday, amid fears the Greece crisis could spread further afield, reports Terra.com. The…
The Colombian Central Bank’s surprise interest rate cut on Friday to a historic low of 3%, down from 3.5%, caused local bond yields to drop and the stock index to…
Colombia’s Central bank on Tuesday lowered the expectation of the country’s economic growth for 2010 from 2-4% to 2-3%. According to the bank’s director Jose Dario Uribe, “we believe the…