Economy / Colombia
If you would like to subscribe to Andean Group Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Andean Group Monitor please click on the trial link below.
Is BanRep Fighting A Losing Battle?
April 2007 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Andean Group Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Andean Group Monitor please click on the trial link below.
BMI View: Colombia's central bank Banco de la Republica (BanRep) intervened heavily in the FX market once again on March 30 in a bid to rein in the currency. This policy has been accompanied by the unwanted side-effect of inflationary pressures, as an increased supply of pesos floods the domestic economy. Given that inflation is still very much on an upward trajectory, we continue to suspect that large-scale intervention will not be a viable long-term solution to keep the currency in check.