He Colombian peso records its second consecutive day of lossesafter having reached yesterday its lowest price against the US dollar since July 1.
The USD/Cop rose strongly on Thursday, rising to 4,080, its highest price in 24 days, and This Friday is positive again, operating in a narrow range Next to yesterday’s roof around 4,071-4.074.
At the time of writing, the USD/COP quotes about 4,073.80, winning 0.07% in the day.
The Colombian peso loses impulse waiting for the decisions of interest rates of the Bank of the Republic of Colombia and the Fed
- The Colombian peso has lost impulse in the last week, pressed by the commercial uncertainty about the tariffs of the United States, which mostly enter into force on August 1. Waiting for a specific agreement, Donald Trump is expected to leave the tariff on Colombian products in 10%. Meanwhile, the Colombian Minister of Commerce, Diana Morales, said yesterday that Colombia is negotiating fluently with the US to try to improve the TAAS on manufacturing and agroindustrial products.
- Colombian peso operators will also be very pending next week of Monetary policy meetings of the United States Federal Reserve and the Bank of the Republic of Colombiasince both entities will announce their decisions about interest rates. Wednesday will be the turn of the Fed, which is expected to vary its current 4.5% types, although Trump’s strong pressures on the entity could result, with a 25 -point cut that could weaken the dollar. For its part, Colombia will publish its rates on Thursday. The Central Bank did not vary its types of 9.25% at the last meeting, and could keep them again without changes after the entity warned a few weeks ago that the increase in fiscal deficit limited its ability to reduce them. If the entity does not move them and the Fed yes, the Colombian weight could be appreciated again, favored by the differential between both central banks.
Economic indicator
Rate of interest
The interest rate, published by the Bank of the Republic of Colombiais the main mechanism of monetary policy intervention used by the Bank of the Republic to affect the amount of money circulating in the economy.
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Next publication: JU JUL 31, 2025 18:00
Frequency: Irregular
Dear: –
Previous: 9.25%
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.
