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Colombia Seen Holding Rates Until H2 2010

Nov 25, 2009

Contrary to market expectations of rates staying at 4.0%, Colombia's central bank cut its monetary policy rate late Monday...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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