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…
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…
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…
The board of Colombia’s central bank decided to raise the benchmark interest rate by 25 basis points to 4.5% Friday according to a statement released by the board. The seven…
Colombia’s central bank is seen raising its benchmark interest rate by 25 basis points to 4.5 percent at its Friday meeting, all but one of 25 analysts polled by Reuters…
Colombian President Juan Manuel Santos warned Tuesday against additional interest-rate increases by his country’s central bank, saying it would attract more foreign investment that could lead to further unwanted appreciation…
Colombia’s President Juan Manuel Santos eased his demands on the central bank to halt its rate hikes while continuing to warn that the cycle of rate increases could be nearing…
Colombian President Juan Manuel Santos on Tuesday asked the central bank to think twice about further interest rate increases from the current 4% because it might impact the Andean nation’s…
Colombia’s central bank said one reason for raising interest rates to 3.75% on April 29 was to ensure financial stability. “Very low rates of interest over a prolonged period of…