Tuesday, May 1, 2007

Uribe Urges Colombian Central Bank to Stop Speculative Capital Inflows

(Bloomberg) -- Colombian President Alvaro Uribe called on the central bank to send investors a ``clear signal'' that it plans to stop ``speculative'' capital inflows that have helped send the peso to a seven-year high.

``Colombia gives all the guarantees to investment but Colombia can't allow speculation to hurt businesses and workers,'' Uribe told steel workers in Boyaca province today, according to a speech posted on the presidential Web site. ``We need to ask the central bank, without any fear, to adopt the measures to stop speculative capital.''


Read more at Bloomberg Currencies News

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