Colombia Markets Retreat as BanRep Rate Hike Shakes Peso and COLCAP

Colombia’s financial markets navigated heightened volatility this week following Banco de la República’s unexpected decision to raise interest rates by 100 basis points to 10.25%, the first hike since May 2025. The COLCAP index retreated from recent highs while the Colombian peso extended its remarkable appreciation trend against the dollar, creating a complex environment for […]