Colombia's central bank to buy $2 bln in dollars through September

BOGOTA, June 20 Fri Jun 20, 2014 2:28pm EDT

BOGOTA, June 20 (Reuters) - Colombia's central bank will extend the purchase of dollars to limit the strengthening of the peso and build up foreign reserves, bank director Jose Dario Uribe said on Friday after the monthly meeting of the bank's monetary policy committee.

The bank plans to buy up to $2 billion from July to September. Its current dollar purchasing program, which began in April, foresees purchasing $1 billion through the end of June. (Reporting by Carlos Vargas; Writing by Peter Murphy; Editing by Chizu Nomiyama)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.