# Colombia's central bank says it will not intervene as peso weakens - Colombia News

> Colombia's central bank governor Juan Jose Echavarria said the bank will not intervene in currency markets even if the peso weakens by 10 to 15 percent. He also said he does not expect to raise interest rates this year or next. The peso has been hit as the dollar strengthened and emerging-market currencies such as Turkey's lira and Argentina's peso came under pressure.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/63319-colombia-s-central-bank-says-it-will-not-intervene-as-peso-weakens-colombia-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

With no central bank defense of the peso, further depreciation is more likely, which keeps imported feed and input costs elevated for Colombian buyers.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- colombiareports.com: https://colombiareports.com/colombias-central-bank-will-not-intervene-as-peso-weakens/

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