Daniel Velandia, head of ieconomic investigations of Credicorp Capital, passed through the microphones of The W, with Julio Sánchez Cristoto explain why it is in increase the price of the dollar in Colombia.
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“There has been a strong impact on the Latin American currency in the last two weeks, due to the strong adjustment in the monetary policy of the Central Bank of USA, putting pressure on the market; On the other hand, there has been a contagion effect derived from the elections in Mexico”, he mentioned.
Given this situation, he clarified that the impact on the Colombian peso has been the second strongest behind the market of Mexico.
Likewise, he commented that the announcement of the budget cut of 20 billion pesos in government spending National government It also affects the Colombian market.
Likewise, rumors about possible changes to the Political constitution of the country also impact the national economy.
Relive the full interview with Daniel Velandia below:
Why is the price of the dollar rising in Colombia? Expert explains it
