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Colombia Keeps Rates Steady

Dec 20, 2010

Colombia's central bank kept its rate on hold at 3.00%, in line with market expectations. The bank says inflation will end 2011...

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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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