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Colombia Keeps Rates on Hold

Dec 21, 2009

As expected by the market, Colombia's central bank kept its monetary policy rate unchanged at 3.5% Friday, saying that sticking at this level will help to stimulate economic growth. The bank also says it took into...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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