Bloomberg News

Colombia’s Central Bank Says It Would Prefer a Weaker Peso

February 15, 2012

(Updates with Echavarria comment in second paragraph.)

Feb. 15 (Bloomberg) -- Colombia’s central bank would like to see a weaker peso, Juan Jose Echavarria, a co-director at the monetary authority, told reporters in Bogota.

Interest rate increases have a minimal impact on the exchange rate, he said today.

--Editors: Richard Jarvie, Philip Sanders

To contact the reporter on this story: Blake Schmidt in Bogota at

To contact the editor responsible for this story: Joshua Goodman at

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