The market is responding favorably, the Treasury Department says before the fall of the dollar

Treasury Secretary Ricardo Bonilla assured that the fall of the dollar below the $4,000 mark is a favorable market response to the fulfillment of the national government’s commitment to the fiscal rule.

Speaking to businessmen from Colombia, Peru, Chile and the United States at a meeting this Tuesday, he claimed that the market could verify that the adjustments are being made and that the fuel shortage problem is being solved.

This taking into account that the price of regular gasoline has risen to dismantle the subsidies and reduce the Fuel Price Stabilization Fund (FEPC) shortfall.

Bonilla also pushed for the commitment to comply with the fiscal rule, emphasizing that analysts expect 2023 GDP to be 2% and inflation to be below 9%.

It should be remembered that this Tuesday the dollar is trading at an average price of $3,988, below $4,000 at levels it has not reached in just over a year.

Source: El heraldo