During the first half of the year, only two shares of the Colombian Stock Exchange registered positive figures. In fact, the behavior of the stock market was one of the hardest hit in the world with a devaluation of the Colcap capitalization index of 6.24%.
(Read: Wall Street closes its best quarter since 1998)
The fall in the price of oil between March and April, which added to the economic crisis due to the expansion of the coronavirus, generated a sharp drop in the markets that keeps the local stock market prostrate.
(Read: Banco de la República makes a new interest rate cut)
DOLLAR UP
For its part, the dollar begins the second semester at $3,756.28, that is, $479.14 higher than at the beginning of 2020, when the Representative Market Rate was $3,277.14.
This represents a 14.6% appreciation of the greenback or a devaluation of the peso.
For its part, the Financial Superintendence certified the Current Bank Interest for consumer and ordinary credit between July 1 and 31 at 18.12%, without variation in relation to the previous certification.
And it certified the annual effective Current Bank Interest for the microcredit modality at 34.16%, which represents a decrease of 289 basic points with the previous certification (37.05%).
Likewise, it said that the remuneration and default interest may not exceed 27.18% annual cash for the consumer and ordinary credit modality and 51.24% annual cash for the microcredit modality.
BRIEFCASE
