Archive for May 31st, 2014

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