Colombia Central Bank to keep interest rate at 3.25%
National interest rates are to be held at 3.25% for another month according to a statement...
Tag: Jose Dario Uribe
Central Bank says Colombian economy slowed down in Q1
Colombia’s central bank said Monday the country’s economic growth has likely slowed down in this year’s first quarter compared to the first three months of 2012. While the economy of the South American country...
Foreign investment could hurt Colombia peso, economy: Analysts
Analysts worry over the consequences of a strengthening peso after Colombia recorded a jump in foreign direct investment in 2012. Colombia, the third largest economy in Latin America, reportedly received $16.7 billion in foreign...
Colombia’s central bank re-elects financial power broker
The Central Bank of Colombia has unanimously elected Jose Dario Uribe as their chairman until 2017, reported local media Friday. Colombia’s Finance Minister Mauricio Cardenas confirmed the decision earlier today and praised both...
Central bank president says US crisis won’t affect Colombian economy in 2012
The chairman of Colombia’s central bank has said for the time being he does not foresee the United States financial crisis in the United States impeding economic growth. In an interview with Caracol Radio, chairman Jose...
Colombia’s central bank: External factors drive peso surge
Colombian central bank chairman Jose Dario Uribe on Wednesday blamed the recent sharp appreciation of the peso in January on external factors, mainly a better economic outlook for the U.S. “There’s a common factor in...
Colombian central bank chief re-elected to head regional group
Colombian central bank chairman Jose Dario Uribe has been re-elected to the presidency of the governing board of the Center on Latin American Monetary Studies, or CEMLA, a regional association of central banks. Uribe will...
Colombia’s central bank chief says interest rates remain low
Colombia central bank chief Jose Dario Uribe said Monday the bank’s key interest rate remains low at 3.75%, given the economy’s “good pace” of growth, and said the bank intends therefore to continue...
IMF approves $6.22B credit line for Colombia
The International Monetary Fund’s executive board agreed on Friday to extend a $6.22 billion credit line to Colombia, although Colombian officials do not intend to use it. The two-year arrangement, done under the Flexible...
Central Bank raises interest rate and growth forecast
The benchmark interest rate was raised by 25 basis points to 3.75% and growth forecast by 50 basis points to between 4% and 6% by the board of directors at Colombia’s Central Bank Friday. The Central Bank said that its new...
Central bank registers losses of over $141 million for 2010
The Colombian Central Bank registered losses of $141.74 million for the fiscal year 2010, El Espectador reported Thursday. This came as unwelcome news to the government, which needs all of the banking institutions to contribute...
Colombia says 2011 GDP, job growth to resemble 2010
Colombian policy makers meeting last month said they expect growth in the economy and employment next year will be similar to that seen in this year, according the minutes of their Oct. 29 meeting. The seven-member board, led by...
