(Bloomberg) -- Colombia's peso may weaken today after the central bank required investors to post deposits with the central bank against overseas borrowings in an effort to discourage short-term capital flows.
Central bank general manager Jose Dario Uribe yesterday said investors borrowing abroad will have to post 40 percent of the amount with the bank for six months, paring ``the incentive to bring in short-term capital as interest rates rise.''
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment