The exchange rate went down on Monday morning. Both in the Foreign Currency Market (Monex) and in the banks, the cost of the currency fell, continuing the trend from Friday.
During the first two months of 2019, the exchange market showed relative stability.
According to the Central Bank, at the end of February, the cumulative net result of the private exchange market was $127.4 million surplus, which allowed the Authority to make purchases of $183.5 million to partially restore the sales of foreign currency to the Public Sector.
At that date, the exchange rate in Monex registered an accumulated variation of -0.07% and year-on-year variation of 6.89%
Similarly, according to the Central Bank, the liquidity markets have shown a return to normality, after the tensions observed in the last quarter of the previous year, associated both with seasonality conditions and the uncertainty caused by the process of approval of the fiscal reform and the financing required by the National Treasury.
The information contained in this report on the national economy was taken into account as an input to the decision of the Bank’s board of directors to maintain the monetary policy rate at 5.25%.
According to the entity, it was used as criteria to analyze and interpret the inflation forecast for the next 24 months.