Drop in oil price hits Colombia’s financial markets

The continued slide in the price of oil has sent Colombia’s financial markets tumbling over the past month. The peso has dropped to a five-year low against the dollar, breaching both our end-14 and end-15 forecasts, which we have revised accordingly. At the same time, Colombia’s IGBC benchmark equity index, which has a large energy weighting, has suffered large losses too.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.