Colombia’s central bank cut its key interest rate 0.5 percentage points and spurring speculation the country’s economy will need more effort to recover growth. Analysts had predicted the bank would…
Colombia’s President Juan Manuel Santos on Thursday said the central bank’s recent half-point interest rate hike was excessive, and policymakers should tighten rates more gradually to avoid stifling the economy.
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.
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.
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…
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…
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…
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…