Colombia central bank cuts interest rate by 0.5 to 6.5%, citing economic concerns
Colombia’s central bank cut its key interest rate 0.5 percentage points and spurring...
Tag: interest rate
Santos says 50bp interest rate increase ‘exaggerated’
Colombia’s President Juan Manuel Santos on Thursday said the central bank’s recent...
Colombia’s central bank raises lending rate to 4.25%
The Central Bank of Colombia has raised the lending rate to 4.25% in order to withdraw the...
Colombia’s Central Bank doubles dollar purchases, lifts rates to 4%
Colombia’s central bank is to double US dollar purchases to control an appreciating peso,...
Colombia’s Central Bank hikes rates again as economic growth gains momentum
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. The board of Colombia’s central bank, Banco de la...
Increase in Colombia interest rate unlikely: Central bank board
An increase in Colombia’s benchmark interest rate is unlikely due to the financial crisis in Europe, a central bank board member told Reuters Wednesday. Cesar Vallejo, a member on the board of Colombia’s central...
Colombia holds interest rate at 5.25%
Colombia’s central bank has kept the interest rate at 5.25% for the second month in a row as worries of inflation eased, the bank announced Monday. The decision suggests the bank’s consistent interest rate hikes over...
Colombia leaves base interest rate at 5.25%
The board of Colombia’s central bank left the base interest rate unchanged at 5.25% Friday. It based its decision on several pieces of economic data, it said in a press release — such as inflation, internal demand,...
Colombia central bank: Domestic factors led to rate increase
The Colombian central bank’s decision to unexpectedly increase its key lending rate in its monetary-policy meeting last month was triggered by concerns over inflation and a surge in credit, minutes from the meeting show....
Colombia rate hike is basic central banking: Finance minister
Colombia’s surprise decision to raise the benchmark lending rate last month was a necessary move that Finance Minister Juan Carlos Echeverry likened to basic “central banking 101.” Echeverry, who sits on the...
Colombia central bank holds benchmark rate at 4.75%
Colombia left interest rates unchanged, after raising them in November, as falling inflation expectations give policy makers room to gauge the impact of the European debt crisis. The central bank’s seven-member board, led by...
Colombia’s central bank holds key rate, but considers increases
The Colombian central bank kept its key interest rate on hold for a third straight month due to concerns over the global economy but said it could renew its rate-hike cycle if the international situation stabilizes. The decision...
