• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Politics overshadows ECB and Fed meetings amid inflation rebound

FinanceInternationalEL PAÍS35 s readAI summary
Image: EL PAÍS

The ECB and the Fed meet this week with no rate moves expected; analysts point to December for the next move. The ECB meeting is shaped by the French crisis, with the risk premium at its highest since 2011, and by Lagarde's succession. In the US, the Fed meets ten days before the midterm elections, with inflation at 3.7% in September and oil above $120 a barrel.

In 35 seconds

  • No rate changes are expected this week; analysts point to December for the next move
  • France's risk premium is at its highest since 2011 and the ECB does not foresee concrete support measures for France
  • Bank of America anticipates a possible moderate verbal intervention by Lagarde on financial stability
Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

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