Dollar buying in focus as Colombia’s central bank meets

Dollar buying in focus as Colombia’s central bank meets

Economy & Policy

Analysts will be watching for indications of future rate hikes and an end to the dollar buying program when Colombia’s central bank meets today. Most expect BanRep to hold the benchmark interest rate at 3.25%, but some say the authority might decide or comment on a plan announced in December to buy $1bn in foreign reserves between January and March. Bulltick forecasts a rate increase in January 2015, but a hold until then. “We do expect the central bank to discuss the current FX intervention pro

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