# COLOMBIA: Peso Continues Slide Lower, BanRep Deci...- 10-31-2024 | MNI

> The Colombian peso extended its slide, with USDCOP up 0.66% on Wednesday and about 6.3% from October highs. The Senate approved a constitutional reform raising government transfers to regional authorities, which analysts warn may be fiscally unsustainable. Markets await the BanRep decision, with a 50bp cut favored over 75bp.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/28134-colombia-peso-continues-slide-lower-banrep-deci-10-31-2024-mni
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso and fiscal worries raise Colombian import costs and inflation risk, which can affect local feed demand and pricing for imported feed ingredients. The impact on grain and meal prices is indirect.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/colombia-peso-continues-slide-lower-banrep-decision-awaited

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.