Colombia’s exports rose 6.1 percent to $4.8 billion in September compared with the same month last year, the government statistics agency said today in a report on its website.
In the same period a month earlier, exports fell 7.6 percent in August from the same month last year.
The central bank cited weak demand for Colombia’s exports in its decision to cut interest rates a quarter point at both its July and August meetings. Policy makers left the benchmark interest rate unchanged at 4.75 percent for a second straight month in October, saying that bond-buying plans by the U.S. Federal Reserve and European Central Bank will ease the risk of a global slump.
The peso has gained 7 percent this year, the third biggest gain among 25 emerging market currencies tracked by Bloomberg.
To contact the reporter on this story: Matthew Bristow in Bogota at firstname.lastname@example.org