Central Bank: Inflation within long-term target
Colombia’s economy continues to grow without spawning inflationary pressures, leading the nation’s central bank to expect “with a high degree of confidence” that price increases for this year and 2011…
Colombia’s economy continues to grow without spawning inflationary pressures, leading the nation’s central bank to expect “with a high degree of confidence” that price increases for this year and 2011…
Colombia will consider allowing multinational companies to pay some taxes offshore to reduce the flow of dollars into the country and stem the peso’s rise, Finance Minister Juan Carlos Echeverry…
Colombia’s 2010 goal for foreign direct investment (FDI) may not be met, as the divestment of foreign companies continues, reported newspaper El Tiempo on Monday. The investment goal for 2010…
Colombia’s benchmark stock index climbed Wednesday, continuing a streak of record highs, as shares of state oil firm Ecopetrol SA were boosted by an announcement that the company had found…
Colombia is implementing a “series of measures that seek to halt the appreciation” of the peso, President Juan Manuel Santos said Monday. The government implemented a “package of measures, because…
Colombia’s peso fell to a one-week low Thursday morning after a report showed the economy grew less-than-forecast in the second quarter. The peso also declined on bets the central bank…
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 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…