24 February 2012

COLOMBIA : C.Bank Raises Benchmark Again...to 5.25%.


      The central bank of red hot Colombia...raised its benchmark rate for the 2nd straight month...but only by 25 bps...to 5.25%.
      Bogota's economy grew by almost 6% in 2011...and is projected to continue at a 5-7% pace in 2012.
      Annual inflation registered 3.54% in January...still in the target 2-4% range.
      The peso has surged by 9.2% vs usd so far in 2012.