Colombia on Friday raised its benchmark interest rate for the sixth straight time this year by 25 basis points in a widely expected move to prevent Latin America's fifth largest economy from overheating.
Showing posts with label Colombia's central bank. Show all posts
Showing posts with label Colombia's central bank. Show all posts
Saturday, July 30, 2011
Sunday, June 19, 2011
Colombia central bank ups interest rate; pause seen
(Reuters) - Colombia's central bank on Friday raised its benchmark interest rate by 25 basis points to 4.25 percent, but analysts detected signals pointing to a pause in the bank's rate-hiking campaign this summer.
A majority of the bank's seven-member board voted for the hike, breaking with the board's consensus stance between February and May, when it raised rates monthly like other South American countries battling to control inflation.
A majority of the bank's seven-member board voted for the hike, breaking with the board's consensus stance between February and May, when it raised rates monthly like other South American countries battling to control inflation.
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