UPDATE 1-Colombian regulator Hernandez named to central bank board
BOGOTA, Feb 21, Colombian President Juan Manuel Santos on Tuesday named financial regulator Gerardo Hernandez to the central bank board, replacing one of its seven members.
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MEXICO CITY, June 19 Mexico's central bank could modify its 2014 growth estimate again this year after first quarter growth proved even weaker than expected, Banco de Mexico governor Agustin Carstens said on Thursday.
The central bank lowered its growth estimate last month to a range of 2.3 to 3.3 percent from 3 to 4 percent after growth disappointed in the first quarter.
"The slowdown that we saw in the first quarter was deeper than we had anticipated," Carstens told reporters after appearing on a congressional panel. "That will possibly make us modify the growth range for this year in due course."
The central bank surprised markets by cutting its benchmark interest rate by 50 basis points to a record low of 3.0 percent on June 6 and then noted that March growth was even weaker than expected when it cut its forecast in May. (Reporting By Luis Rojas; Editing by Chizu Nomiyama)
PHILADELPHIA, Feb 21 Proposed congressional bills that would limit the Federal Reserve's ability to independently decide policy are deeply concerning though the Fed, in order to be more transparent, can "communicate better" what motivates such decisions, a Fed official said on Tuesday.
NEW YORK, Feb 21 The U.S. Treasury Department on Tuesday sold $26 billion of two-year government debt supply at a yield of 1.230 percent to strong investor demand, Treasury data showed.