Colombian president Juan Manuel Santos urged the country’s central bank to lower its interest rates in response to an economic slowdown. MORE: Colombia suffers lowest 3rd quarter GDP growth rate…
Colombia finished 2012 with the highest amount of foreign currency reserves in the country’s history. According to data from Banco de la Republica, the country’s central bank, at the end…
Analysts worry over the consequences of a strengthening peso after Colombia recorded a jump in foreign direct investment in 2012. Colombia, the third largest economy in Latin America, reportedly received $16.7…
Colombia’s central bank on Friday held its benchmark interest rate steady for the second straight month, as expected, on signs of support for the local economy and a mixed picture…
Colombia’s foreign debt increased again this year, reaching over $76.4 billion which represents a 6.3% rise against this time in 2011. Figures from the Banco de la Republica show that…
The Central Bank of Colombia has unanimously elected Jose Dario Uribe as their chairman until 2017, reported local media Friday. Colombia’s Finance Minister Mauricio Cardenas confirmed the decision earlier today…
The manager of Colombia’s Central Bank said Wednesday a possible peace deal between the government and rebel groups is likely to stimulate the Colombia economy. Although central bank manager Jose…
Colombia’s central bank unexpectedly reduced its main interest rate Friday for the first time since 2010 amid signs the economy is at risk of a sharp downturn due to declining…
Colombia’s trade minister urged the country’s Central Bank Thursday not to raise interest rates and to purchase more U.S. dollars to mitigate the negative effects of the Colombian peso’s revaluation. Minister Sergio Diaz-Granados…