NewsWhore
11-28-2008, 03:50 PM
The Central Bank says that beginning today it will inject between US$50 and US$100 million into the money markets to counter the rise of the exchange rate. The Central Bank says that the small spike in the rate change was not caused by any fiscal or monetary policy. CB governor Hector Valdez Albizu also announced that the International Monetary Fund has made a short-term liquidity mechanism available, allowing financial entities to cover part of the holiday season money demand. Part of the mechanisms will be the purchase of CB titles. Finally Valdez said that once the 2009 budget has been passed, the CB would begin to lower interest rates, beginning in February 2009.
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More... (http://www.dr1.com/index.html#3)