Archive for May 29th, 2016

Central Bank Watch

Central Bank of Colombia Raised Interest Rates Again in Inflation-Reducing Campaign

May 29, 2016

Colombian monetary officials late Friday announced a further  interest rate hike of 25 basis points to 7.25%.  It was the ninth increase since September 2015.  The rate was at 4.50% prior to then.  A statement justified the action as follows: The Colombian economy is adjusting in an orderly manner to the strong external shocks recorded […] More