USD/COP is now trading around 3.9111.12, gaining 0.54% daily.
The price of the Dollar in Colombia today, Friday, March 22, has risen to three-day highs at 3,915.00 after opening the day around 3,887.69.
Colombian peso: Today the interest rate decision of the Bank of the Republic of Colombia will be published
- Today Friday, the Banco de la República de Colombia will announce its interest rates, expecting a cut of 25 or 50 basis pointss (pb) up to 12.50% or 12.25% from the current 12.75%. In the last two meetings, the Colombian central bank has cut its rates by 25 bp consecutively.
- A rate cut in Colombia could favor the dollar against the Colombian peso in the coming days, since the US Federal Reserve (Fed) is not expected to cut rates until June.
- Next Monday, the markets will be closed in Colombia for the festival of San José.
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.
