Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
expected@ (Adds comment, detail on reserves)
BOGOTA, Jan 31 (Reuters) - Colombia's central bank held its benchmark interest rate steady for a ninth consecutive month at its meeting on Thursday, as it seeks to boost economic growth while inflation remains largely controlled.
The unanimous decision met expectations of all analysts in a Reuters poll last week.
Economic growth in the Andean nation will continue to pick up as a new tax reform, backed by President Ivan Duque, brings in additional revenue and household spending increases, the seven-member board said in a statement explaining its decision.
Policymakers expect growth close to 3.5 percent in 2019, the statement said, even while expectations for the price of crude remain low.
"The international price of oil has increased this month, but remained below the average observed in 2018. In the same period the country risk premium was reduced and the peso appreciated against the dollar," the statement said.
The board said its decision to hold the rate was also based on the dynamics of economic activity and uncertainty about the speed of that recovery. It looked at inflation and that figure's expected convergence to the bank's 3 percent target, as well as the effects of changing external conditions.
The central bank also said it would buy $1 billion from the government as it seeks to accumulate international reserves.
The bank has gathered some $800 million via auctions of its "PUT" options, in preparation for a possible reduction of its $11.5 billion credit line with the International Monetary Fund next year.
Another $400 million in "PUT" options will be auctioned in February, the bank said.
For 2019, the current account deficit is projected to be a higher proportion of GDP than that registered in 2018, it added. (Reporting by Julia Symmes Cobb and Helen Murphy; editing by Diane Craft)