09:27 AM EDT, 09/30/2024 (MT Newswires) -- Colombia's central bank (BanRep) is forecast to lower rates by 50bps on Monday, but in Societe Generale's opinion, could surprise with a bigger 75bps reduction to 10.0% after a 5-2 split in July when two dissenters voted for 75bps.

The peso struggled over the past month compared with other Latin American currencies, failing to cash in on falling United States bond yields and the rally in risk assets, stated SocGen.