(Bloomberg) -- Colombia's peso weakened for the first
time in four days on speculation the central bank may stop
raising interest rates after this month, reducing the allure of
local assets to foreign investors.
Colombia's central bank will raise its overnight lending
rate to 9 percent in its June 15 meeting, according to seven of
nine economists surveyed by Bloomberg. The other two forecast the
bank will leave the rate unchanged for the first time in seven
months.
Read more at Bloomberg Currencies News
time in four days on speculation the central bank may stop
raising interest rates after this month, reducing the allure of
local assets to foreign investors.
Colombia's central bank will raise its overnight lending
rate to 9 percent in its June 15 meeting, according to seven of
nine economists surveyed by Bloomberg. The other two forecast the
bank will leave the rate unchanged for the first time in seven
months.
Read more at Bloomberg Currencies News
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