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View Full Version : Colombia Unexpectedly Raises Benchmark Rate to 5% Against Santos's Urging - Bloomberg



NewsWhore
01-30-2012, 03:40 PM
Colombia Unexpectedly Raises Benchmark Rate to 5% Against Santos's Urging (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG1o9LbTdSXrvnmR0bS4rbgIZ91yA&url=http://www.bloomberg.com/news/2012-01-30/colombia-unexpectedly-raises-benchmark-rate-to-5-against-santos-s-urging.html)
Bloomberg
In a bid to ease gains in the currency, the central bank said Oct. 28 it will sell $200 million in dollar options whenever the peso's 20-day moving average changes by more than 4 percent. No options have been auctioned since the announcement.

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