Central Bank Watch
Central Bank of the Republic of Colombia Lifts Key Interest Rate for a Second Time
May 31, 2014
April’s first Colombian central bank interest rate hike in 26 months has been followed by a second 25-basis point increase in May, taking the key rate to 3.75%. Before these back-to-back increases, the previous rate hike had occurred in February 2012, a move that culminated a streak of nine tightenings totaling 225 basis points. In […] More
Deeper Analysis
May in Figures
May 31, 2014
Stock markets in May took a more optimistic view of growth prospects than did bond investors, making May the unusual month in which both asset classes improved. Short-term interest rates remained anchored at very low levels. The euro lost strength on speculation that the ECB will ease policy significantly in June. From a monthly high […] More
