Colombia’s peso gains after rumors from Central Banker over rate increase
The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board...
Tag: monetary policy
IMF warns Colombia about oil dependence
The International Monetary Fund (IMF) on Monday praised Colombia for its sound macroeconomic policies, but not without a word of caution regarding the country’s dependence on oil and mining. “Overall, the economic outlook...
Colombia cannot keep peso low: Central Bank
Colombia’s central bank lowered benchmark interest rates to the lowest level in Latin America in an attempt to slow down the rising peso, something one board member on Wednesday said they might be unable to do. Juan Jose...
Colombia cuts interest rates to lowest level in Latin America
Colombia’s central bank on Monday again cut interest rates after board members came to the conclusion that the economy was growing below its potential. The central bank voted in favor of bringing interest rates down by 25 basis...
Colombia’s Agriculture Minister laments central bank’s interest raise
Colombia’s Agriculture Minister Juan Camilo Restrepo Salazar called the central bank’s decision to raise interest rates by a quarter point to 5% “lamentable”. In a press release Restrepo said, “I...
