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 members of the Colombian Central Bank said that he favored raising interest rates…
The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates…
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,…
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…
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…
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…
A survey released Thursday by Colombia’s Central Bank predicts that inflation will reach 3.6% in 2010, down from the 3.75% level predicted in February’s survey. March inflation is expected to…
Colombia’s Central Bank kept the country’s interest rate unchanged at 3.5% in its monetary policy meeting on Friday. The record low rate was not cut further, despite fears that the…