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Friday June 27 2014
Colombia Trade Deficit Widens Sharply in April  
Colombia’s trade gap increased to USD 1.2 billion in April of 2014 from USD 0.2 billion a year earlier, driven by a sharp fall in exports to the United States and a rise in diesel imports. Compared with the previous month, the country’s shortfall widened 130 percent.
Monday June 23 2014
Central Bank of Colombia Raises Rate to 4%  
At its June 20th, 2014 meeting, Central Bank of Colombia decided to increase the benchmark interest rate by 25 bps to 4 percent. It is the third consecutive rate increase, aiming to contain inflationary pressures after a better than expected GDP growth rate in the first quarter. Policymakers also decided to increase its dollar purchases to bolster reserves and weaken the peso.
Monday June 02 2014
Colombia Raises Interest Rate for 2nd Straight Meeting  
At its May 30th, 2014 meeting, Central Bank of Colombia decided to increase the benchmark interest rate by 25 bps to 3.75 percent, as the inflation rate continued its expected convergence toward the central bank’s 3 percent target.
Monday May 26 2014
Colombia Trade Deficit Narrows in March  
Colombian trade deficit decreased to USD 0.5 billion in March of 2014 from a USD 0.73 billion gap in the previous month. A year earlier, Colombia posted a USD 0.13 billion surplus.
Tuesday April 29 2014
Colombia Trade Deficit Widens in February on Rising Imports  
Colombia’s trade balance turned into a USD 0.73 billion deficit in February of 2014, following a USD 0.06 billion gap in the previous month and a USD 0.17 billion surplus in the same month of the previous year.
Friday April 25 2014
Colombia Unexpectedly Raises Interest Rate to 3.5%  
At its April 25th meeting, Central Bank of Colombia increased the benchmark interest rate to 3.5 percent due to higher inflation and improving economy.
Friday March 21 2014
Colombia Leaves Rates on Hold  
At its March 21st, 2014 meeting, Central Bank of Colombia left the benchmark interest rate steady at 3.25 percent and decided to extend its dollar purchase program, and buy up to $1 billion through June.
Thursday March 13 2014
Colombia Posts $0.7B Trade Deficit  
In the first month of 2014, Colombian trade balance turned into a USD 0.7 billion gap, down from a USD 0.34 billion surplus in the previous month. Compared with the same month last year, the trade gap narrowed 79 percent, as imports shrank at a faster pace than exports.
Friday February 28 2014
Colombia Leaves Monetary Policy Unchanged  
At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.
Wednesday February 19 2014
Colombian Trade Balance Returns to Surplus  
In December of 2013, Colombia’s trade balance turned into a USD 340 million surplus, up from a revised USD 100 million deficit in the previous month. A year earlier, the country recorded a USD 410 million surplus.
Friday January 31 2014
Colombia Holds Interest Rate Steady  
Colombia's central bank maintained its benchmark interest rate at 3.25 percent as expected as inflation continues to converge toward the bank’s 3.0 percent target and the economy is poised to pick up pace in 2014.
Thursday January 16 2014
Colombia Trade Deficit Narrows in November  
Colombia trade balance turned into a USD 100 million deficit in November of 2013, decreasing from a USD 510 million deficit in the previous month and a USD 320 million deficit a year earlier. Exports rose 2.5 percent yoy, after falling in the previous two months.
Friday December 20 2013
Colombia Leaves Key Policy Rate on Hold in December  
At its December 20th meeting, Central Bank of Colombia decided by a unanimous vote to leave the benchmark interest rate unchanged at 3.25 percent, as the economy is improving.
Tuesday December 17 2013
Colombia Posts Trade Deficit for the Second Straight Month  
In October of 2013, Colombian trade balance turned into a deficit of USD 0.5 billion, from USD -0.3 billion in the previous month and a surplus of USD 0.23 billion last year. While exports recorded the second highest annual drop this year, imports from the US surged 20.5 percent.
Friday November 29 2013
Colombia Monetary Policy Unchanged in November  
Colombia’s Central Bank decided on November 27th to leave the benchmark interest rate on hold at 3.25 percent for the eight straight time, as widely expected.
Monday November 18 2013
Colombia Posts Trade Deficit in September  
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.
Friday October 25 2013
Central Bank of Colombia Keeps Rate on Hold  
Colombia’s Central Bank decided on October 25th to keep the main interest rate steady at 3.25 percent for the seventh straight month. The Board cited stable economic growth and low inflation.
Wednesday October 23 2013
Colombia Trade Surplus Slightly Widens in August  
In August of 2013, Colombia’s trade balance turned into a 0.01 billion USD surplus, from 0.67 billion USD deficit a year ago. This improvement is explained by an increase in oil and petroleum sales while imports went down 5 percent on annual basis.
Monday September 30 2013
Central Bank of Colombia Leaves Rate on Hold  
Colombia’s Central Bank decided on September 27th to hold the main interest rate steady at 3.25 percent, citing stronger economic growth. The Board also decided to extend its dollar purchase program until December.
Tuesday September 24 2013
Colombian Trade Deficit Widens in July on Lower Gold Sales  
In July of 2013, Colombia’s trade balance turned into a 0.47 billion deficit, from a 0.22 billion USD deficit last year. While imports slightly declined, gold exports shrank by 6.6 percent year-on-year due to lower sales of gold, coal and coke.
Monday September 02 2013
Colombia Monetary Policy Unchanged  
Colombia’s Central Bank decided on August 30th to leave the main interest rate unchanged at 3.25 percent. While citing low inflationary pressures and weak economic growth, the Board did not discard a future rate cut.
Monday August 26 2013
Colombia Posts Trade Surplus in June On Rising Oil Exports  
In June of 2013, Colombian trade balance turned into a 500 million USD surplus, from a 500 million USD deficit in the same month last year, due to a surge in oil exports.
Monday July 29 2013
Central Bank of Colombia Leaves Rate on Hold at 3.25%  
Colombia’s Central Bank decided on July 26th to leave the main interest rate unchanged at 3.25 percent for a fourth consecutive month, as inflation rises and growth picks up.
Thursday July 18 2013
Colombia Posts Trade Surplus in May Due to Falling Imports  
In May of 2013, Colombian trade balance turned into a surplus of 90 million USD, up from 220 million USD deficit in April and 140 million USD deficit in the same month last year. Exports shrank for the seventh month in a row by 2.4 percent year-on-year, while imports dropped by 6.6 percent.
Tuesday August 06 2013
Colombian Economy May Slow Further In 2013  
Recent data updates for Colombia point to slower expansion in the months ahead. While consumption may help to support growth, as improvements in consumer confidence suggest, it might not be enough to offset weak exports and declining industrial production.
Tuesday June 18 2013
Colombia´s Economic Growth Is Slowing Down  
In the last quarter of 2012, Colombia´s GDP grew at a faster-than-expected pace of 3.1 percent, despite the continued decline in industrial production. Yet, this expansion was well below the 6.1 percent registered in the same quarter of 2011. More importantly, recent data updates are showing signs of a slowdown in domestic demand and exports.
Monday February 25 2013
Colombia Cuts Interest Rate to 3.75%  
The Central Bank of Colombia decided on February 22 to cut the key interest rate for the sixth consecutive time since last June, in an effort to revert the economic slowdown.
Thursday February 21 2013
Colombia Posts Trade Surplus in December  
After two consecutive months of trade deficits, Colombian registered a trade surplus of 0.45 billion dollars in the last month of 2012.
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