Central Bank of Colombia starts buying sovereign, private debt
Central bank aims to ensure the constant provisioning of liquid resources to the economy
The Central Bank of Colombia has started buying public as well as private debt in a bid to ensure financial markets have access to enough liquidity, and prevent tighter financial conditions.
On March 23, following an emergency meeting, the central bank’s board authorised the institution to “purchase private instruments issued by credit institutions with remaining maturities of less than or equal to three years”.
Total purchases of these instruments will be 10 trillion pesos ($2.6 billion)
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