(Bloomberg) -- Colombian central bank chief Jose Dario Uribe, seeking to curb inflation and prevent the peso from strengthening further, imposed lending limits on banks.
Starting tomorrow, banks will have to hold at least 27 percent of checking accounts deposits, 12.5 percent for savings accounts and 5 percent for some certificates of deposits, Uribe said today at a press conference in Bogota. People borrowing foreign money will have to deposit 40 percent of the amount with the central bank for six months, he said.
Read more at Bloomberg Currencies News
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