US Dollar Today Economy: The Dollar at $4,300 in Colombia: Fear of Recession, Higher Interest Rates and More | 6 a.m. today by today

At 6 a.m., Hoi por Hoy of Radio Caracol Sergio Olarte, chief economist at Scotiabank Colpatria, about The behavior of the dollar in recent days and inflation.

Read about your behaviour

last moves exchange rate It is clearly related to the recovery of everything that is happening in the world. You see levels in Chili pepperJapan and other countries in the world on the situation.

“There are fears of a global recession, and that could lead to very high interest rates,” he said.

Colombia

According to the expert, Colombia’s economy “sounds strange”, but it is High interest rates Banks need Liquidity Immediately. It is clear that they pay high rates compared to the rest of the world.

He stressed that “saving may be an option because banks give profitability and reduce consumption as well. Imported goods may increase and inflation must be achieved again.”

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Other tips

Sergio Olarte, chief economist at Scotiabank Colpatria, recommended tourism in Colombia, but if you leave the country it is better to carry a credit card.

“The Exchange rates are imposed on the dollar in an important way. Plastic depends on market fluctuations. Carry cash as well to interact in an agile way with the local currency.”

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