Colombian interest rates fall to new record low
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…
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…
A market analyst writing in the Latin Business Chronicle says Colombian presidential candidate Antanas Mockus is “market friendly” and is expected to continue President Uribe’s policies. Alberto Bernal, head of…
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…
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…
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…
Colombia’s retail sales in February rose 3.9% year-on-year, according to official data released Monday. The increase was led by sales of home computers, which rose 25.7%, and home appliances and…
AngloGold Ashanti, the world’s No. 3 gold producer, could invest $2.5 billion to $3 billion to build a gold mine in Colombia if feasibility studies show the project is viable,…
The president of Colombia’s National Business Association, Luis Carlos Villegas, announced Friday that the country has found new markets for almost $2 billion worth of products previously exported to Venezuela, El…
Colombia’s central bank and Finance Ministry Wednesday requested a $3.5 billion flexible, one-year credit line from the International Monetary Fund, to replace the $10.4 billion line approved last year. The…