(Reuters) - The raise was the seventh consecutive month that the bank
increased rates to curb inflation to within its targeted 2007
range of between 3.5 and 4.5 percent for this year. Colombian
inflation was 4.48 percent in 2006.
The bank also unified its marginal reserve requirements on
banks at 27 percent and its ordinary reserves at 8.3 percent on
checking and saving accounts in what analysts said was another
policy aimed at restricting liquidity, slowing the economy and
curbing inflation.
Read more at Reuters.com Economic News
increased rates to curb inflation to within its targeted 2007
range of between 3.5 and 4.5 percent for this year. Colombian
inflation was 4.48 percent in 2006.
The bank also unified its marginal reserve requirements on
banks at 27 percent and its ordinary reserves at 8.3 percent on
checking and saving accounts in what analysts said was another
policy aimed at restricting liquidity, slowing the economy and
curbing inflation.
Read more at Reuters.com Economic News
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