Colombia’s central bank raises projected 2015 inflation to 4.5%
Colombia’s Central Bank believes inflation in the country will be 4.5% this year, a consumer price growth increase significantly higher than its initial projection of 3%.
Colombia’s Central Bank believes inflation in the country will be 4.5% this year, a consumer price growth increase significantly higher than its initial projection of 3%.
The dollar broke the barrier of COP2,600 on Monday, sparking speculation of a further substantial rise which would increase Colombia’s prices in a number of key areas.
Colombia’s inflation rate rose more than predicted in August, ending a period of 22 months below targeted inflation range.
The Central Bank of Colombia has raised the lending rate to 4.25% in order to withdraw the monetary stimulus of the boosting economy, according to a report by Bloomberg.
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia’s inflation has risen steadily, in line with central bank expectations, according to the May figures from Colombia’s National Administrative Department of Statistics (DANE) released 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.
Inflation figures from the Colombian government’s statistics body released Friday showed a 1.52% increase in the average cost of goods and service in Colombia during the first three months of…
The central bank of Colombia has left interest rates unchanged in their meeting on Friday.