The US Dollar price has risen against the Colombian Peso for the second consecutive day on Thursday. USD/COP has reached eight-day highs around 4,226.25 after opening the session testing a daily low at 4,187.55.
The USD/COP is currently trading at 4,202.82, gaining 0.07% on the day.
Colombia to announce interest rate decision on Monday
- The Bank of the Republic of Colombia will announce its interest rate decision next Monday, September 30. The bank has cut its rates in the last six consecutive meetings, so a reduction of 50 basis points is expected, as seen in the last four announcements.
- The United States today published the final figure for Gross Domestic Product (GDP) for the second quarter of the year, which, as expected, grew by 3%, improving on the 1.4% growth of the first quarter.
- U.S. jobless claims eased to 218,000 in the week ended Sept. 20 from 222,000, better than the 225,000 expected.
- U.S. durable goods orders were unchanged in August after rising 9.9% in July, significantly improving from the estimated 2.6% decline.
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.
Next post: Mon Sep 30, 2024 19:00
Frequency: Irregular
Dear: –
Previous: 10.75%
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.
