The sudden removal of finance chief Jose Ocampo, who had boosted Colombian investors’ faith in the country under its first-ever leftist government, has left investors reeling. President Gustavo Petro’s reshuffling has resulted in a drop in markets, with the local peso currency falling by as much as 3.4% and the yield on local peso bonds and USD bonds rising. Meanwhile, the cost of insuring the nation’s debt against default has also increased. Ocampo will continue in the role for a few more days, and the bank will hold its next policy meeting Friday, with Goldman Sachs economists expecting a 25 bps hike in light of the “highly unsettled” political and policy background.