Archive for July 28th, 2012

Central Bank Watch

An Interest Rate Trend Reversal in Colombia

July 28, 2012

The previous nine changes in the overnight lending rate of the Central Bank of the Republic of Colombia had all been increases of 25 basis points.  This tightening was undertaken from February 2011 to February 2012 and had raised the benchmark from 3.0% to 5.25%.  The Board of Directors had not changed the stance at […] More