October 31, 2011
Colombias central bank has again held its policy rate at 4.5%, citing
Colombia’s central bank has again held its policy rate at 4.5%, citing the continuing uncertainty in the global markets. However, it left the door open for possible hikes in the event sentiment turns. “If international confidence begins to return and if the domestic indicators continue their current dynamism and don’t demonstrate contagion from the external situation, it is probable that the economy would require less economic stimulus,” it says.