(Bloomberg) -- Colombia's peso bond yields fell to a
more than one-month low on speculation lower food prices and a
stronger currency will encourage the central bank to end its
recent series of interest rate increases.
The central bank raised its target rate for overnight
lending between banks on May 18 to 8.75 percent, the highest
since November 2001. The bank has raised the key rate 11 times
since April 2006 from a three-year low of 6 percent.
Read more at Bloomberg Bonds News
more than one-month low on speculation lower food prices and a
stronger currency will encourage the central bank to end its
recent series of interest rate increases.
The central bank raised its target rate for overnight
lending between banks on May 18 to 8.75 percent, the highest
since November 2001. The bank has raised the key rate 11 times
since April 2006 from a three-year low of 6 percent.
Read more at Bloomberg Bonds News
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