Peso Slips to 3,239 as Inflation Hits 6.29% | Colombia Market Report, Oct 7
The Colombian peso closed at 3,239 per dollar as annual inflation rose to 6.29% in September. The central bank's rate is 12.25%; COLCAP close not available. The post Peso Slips to 3,239 as Inflation Hits 6.29% | Colombia Market Report, Oct 7 appeared first on The Rio Times .
On October 7, the Colombian peso weakened to 3,239.09 pesos per US dollar as inflation data revealed a 6.29% annual increase. This marks the highest rate in over two years and sets the stage for discussions around the 2027 minimum wage. Colombian stocks and the market followed the peso's decline. Inflation remains above the 6% threshold, keeping pressure on the central bank, which is already at a 12.25% policy rate.
The dollar, which closed higher than the official rate of 3,216.01 pesos, contributed to the peso's decline. Analysts attribute the peso's fall to a stronger global dollar, rather than a domestic economic shock.
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