Friday, July 27, 2007

Colombia's Peso Strengthens as Central Bank Expected to Boost Lending Rate

(Bloomberg) -- Colombia's peso strengthened before
announcement of a central bank lending rate decision, expected
to push the benchmark borrowing cost to an almost six-year high.

Policy makers in Bogota may boost the overnight interbank
rate a quarter-percentage point to 9.25 percent today, according
to 17 of 31 economists in a Bloomberg survey. The other 14
economists expect the rate to remain unchanged.


Read more at Bloomberg Currencies News

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