Surprise rate cut causes high stocks and low bond yields
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…
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 dropped the interest rate from 3.5% to a new record low base rate of 3%, reports El Espectador. The rate had been set at 3.5% – then…
Colombian peso bonds soared to a two-week high Thursday following favorable inflation predictions from the central bank, reports Bloomberg. The government’s official inflation report will be released on May 5, but figures from the…
The Colombian peso weakened Wednesday on nervousness after rating agency Standard & Poor’s downgraded the debt of Greece, Portugal and Spain. The peso weakened to 1,977 Colombian pesos to the…
The Colombian peso plummeted to a two-month low Tuesday, meaning that the currency has dropped 2.2% so far in April, reports Business Week. The peso fell to 1,964 to the…
Colombia is not considering capital controls to limit appreciation of its currency, its finance minister said on Saturday, even though the measures are no longer seen as taboo by many…
Colombian stocks recovered on Tuesday, following the U.S. market’s move higher on Monday afternoon. The IGBC index rose 1.1% to 12,425.36 points, while the Colcap index, which includes Colombia’s largest…
The Colombian peso weakened to COP1951.90 against the dollar Monday, from COP1,946.00 at Friday’s close, on nervousness about the upcoming presidential elections, and as the U.S. government’s lawsuit against Goldman…
The Colombian peso is at its lowest point since mid-February, amid growing speculation that the central bank will boost its daily dollar purchases in order to aid fledgling export markets. The…