He The price of the US dollar rises this Monday for the fifth consecutive day against the Colombian Peso.
The Colombian Peso gives ground again, after the Dollar has reached two-day highs today at 4,403.25 after previously testing a daily low at 4,359.70.
The USD/COP is trading at 4,401.47 at the time of writing, gaining 0.49% so far this day.
The Bank of the Republic of Colombia cut interest rates by only 25 basis points
- The Bank of the Republic of Colombia gave a surprise late on Friday, when it announced that it was cutting interest rates by 25 basis points (bp) instead of the 50 bp expected by the market.
- Colombia’s interest rates stood at 9.5% compared to 9.75% previously, above the estimated 9.25%.
- The Colombian peso did not appreciate with the news, since the strength of the dollar prevailed, which prevails in a large part of the currency market.
economic indicator
Rate of interest
The interest rate, published by the Bank of the Republic of Colombiais the main monetary policy intervention mechanism used by the Bank of the Republic to affect the amount of money circulating in the economy.
Last post: Fri Dec 20, 2024 18:59
Frequency: Irregular
Current: 9.5%
Dear: 9.25%
Previous: 9.75%
Fountain: Bank of the Republic of Colombia
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
