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 peso dropped slightly against the dollar on Tuesday following an announcement by the government it would buy dollars alongside the central bank to weaken the currency and support ailing…
National interest rates are to be held at 3.25% for another month according to a statement released by Colombia’s Central Bank on Friday.
National interest rates are to be held at 3.25% according to a statement released by Colombia’s Central Bank on Friday.
The central bank of Colombia has left interest rates unchanged in their meeting on Friday.
Colombia’s central bank opened the doors on Thursday to a new extensive art exhibition to showcase six centuries of Colombian art history.
Colombia’s consumer prices will probably rise less than the projected target in 2013 because of weak internal demand, according to the country’s central bank.