He US dollar records a new higher high against the Colombian peso for the fifth consecutive day. The USD/COP has risen today, Tuesday, October 29, to an almost 13-month high of 4,375.78 after registering a daily low of 4,337.81.
The USD/COP is currently trading around 4,357.46, gaining a slight 0.03%.
The Colombian Peso continues to lose ground pending Colombia’s interest rate decision on Thursday
- He USD/COP has today reached its highest level since October 6, 2023when it reached a high of 4,432.42.
- The big event of the week for the Colombian Peso will be the Bank of the Republic of Colombia’s decision on interest rates, which will be announced on Thursday, October 31. Currently, the rate is at 10.25, and a cut of 75 basis points is expected to 9.5%.
- On the same Thursday, Colombia will publish its unemployment rate for September, after it stood at 9.7% in August.
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: Thu Oct 31, 2024 19:00
Frequency: Irregular
Dear: 9.5%
Previous: 10.25%
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.
