Here we go again: Colombia’s central bank cut the Andean country’s benchmark rate for a fourth straight month. Policymakers trimmed a quarter point to 3.75 per cent – the lowest in Latin America.
In the longest easing cycle in over four years, starting in July last year, the very orthodox Banco de la República has chopped 150 basis points off its overnight lending rate in an attempt to reignite a slowing economy. Continue reading »
Argentina may have Lionel Messi but Colombia claims it’s overtaken its South American neighbour in terms of GDP. John Paul Rathbone, the FT’s Latin America editor, discusses with deputy emerging markets editor Jonathan Wheatley who can claim the economic bragging rights.
As Colombian finance minister Juan Carlos Echeverry prepares to leave his position and apply for the position of IMF’s Western Hemisphere director in charge of monitoring the Latin American and Caribbean economies, he’s making big claims for his stewardship of Colombia’s economy.
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