Colombia's Peso, Bonds Strengthen as Central Bank Boosts Key Lending Rate

(Bloomberg) -- Colombia's peso rebounded from a
two-month low after the central bank boosted the benchmark
borrowing cost to the highest since 2001, increasing the appeal
of local assets.

Policy makers in Bogota raised the overnight interbank rate
a quarter-percentage point to 9.25 percent today, in line with
17 of 31 economists in a Bloomberg survey. The other 14
economists had expected the rate to remain unchanged.


Read more at Bloomberg Currencies News