Colombia’s Peso to Extend Rally as Central Bank Fails to Impose Measures
Colombia’s peso will extend a rally that has made it the world’s best-performing currency this year after the central bank fell short of imposing measures to stem its gains, according to Credit Suisse Group AG and Barclays Capital.
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Colombia’s true colours
LUSH rainforests, architectural wonders and pristine beaches and plantations. It wasn’t what I was expecting. The picture of Colombia in my head had been set by what I had read in most accounts and seen in movies such as Mr & Mrs Smith and Romancing The Stone – a rural country where thugs and lawlessness ruled. There was no hint of a land of astonishing natural beauty and diversity.
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Colombian Peso Rises to Almost Two-Year High on Bank Decision
Colombia’s peso rose to an almost two-year high after the central bank said it has no “imminent” plans to buy dollars in the foreign-exchange market, resisting pressure to stem the world’s biggest currency rally this year.
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Colombia Holds Rate at 3% as Inflation Eases, Economic Growth Accelerates
Colombia’s central bank kept its benchmark interest rate unchanged at a record low for a fourth month after government calls to ease gains in the peso.
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