economy
May 8, 2026
Colombian peso led global currency falls on Monday amid dollar strengthening
Colombian peso may have fallen due to interest rate maintenance. Photo: iStock
TL;DR
- The Colombian peso was the most depreciated currency on Monday, falling 2.49% against a strengthening global dollar.
- This decline marks the peso's weakest level since early March.
- The decision by the Banco de la República to maintain the interest rate at 11.25% for May is seen as a factor contributing to the peso's fall.
- Inflation in Colombia is expected to continue rising, with projections for April indicating an annual rate above 5.6%.
- Analysts also point to reduced expectations for carry trade gains and political pressures from the national government as potential contributors to the dollar's rise.