Central Bank of the Republic of Colombia

Central Bank of the Republic of Colombia

August 31, 2017

Colombia’s central bank interest rate was lowered by 25 basis points to 5.25%, bringing the cumulative decline over the past six monthly meetings to 175 basis points. A majority of four policymakers wanted a 25-basis point cut, while two preferred a reduction of 50 basis points, and one voted not to cut the rate at […] More

Colombia’s Central Bank Interest Rate Sliced 25 Basis Points to to 5.5% by 6-1 Vote

July 28, 2017

The Bank of the Republic of Colombia implemented its sixth interest rate reduction of 2017 following cuts of 25 basis point in February, March and May and of 50 bps in April and June. A released statement speaks of weak domestic demand and notes that both total and core inflation slowed in June, although remaining […] More

Central Bank of Colombia Raised Interest Rates Again in Inflation-Reducing Campaign

May 29, 2016

Colombian monetary officials late Friday announced a further  interest rate hike of 25 basis points to 7.25%.  It was the ninth increase since September 2015.  The rate was at 4.50% prior to then.  A statement justified the action as follows: The Colombian economy is adjusting in an orderly manner to the strong external shocks recorded […] More

A Trio of Latin American Central Bank Rate Hikes

December 22, 2015

Monetary officials in Chile, Colombia and Mexico wasted little time last week matching the FOMC’s 25-basis point interest rate hike. The Central Bank of Chile policy rate was lifted to 3.5%.  This was the second Chilean tightening of the cycle following one in mid-October.  Previously, 225 basis points of rate cuts were spaced out between […] More

Colombian Central Bank Interest Rate Raised by 25 Basis Points

September 28, 2015

The new benchmark interest rate level in Colombia, announced just before the past weekend, will be 4.75%.  This month’s rate hike was the first change in 13 months.  The interest rate had been lifted five straight meetings from April through August of 2014 to ensure that inflation settles back within the 2-4% target range.  Actual […] More

Central Bank of the Republic of Colombia Kept 4.5% Main Interest Rate

March 23, 2015

Late last Friday, as it had done at the six previous monetary policy meetings, the Board of Directors left its interest rate benchmark at 4.5%.  The rate had previously been raised by 25 basis points at each of five straight meetings between April 2014 and August 2014.  On-year CPI inflation of 4.36% exceeded target and […] More

Central Bank of the Republic of Colombia

August 1, 2014

Colombian monetary policy continues to be normalized.  Following 25-basis point benchmark central bank rates from a base of 3.25% on April 25, May 31, and June 25, a fourth tightening was engineered on July 31.  This puts the key interest rate up a total of 100 basis points to 4.25%.  The Colombian economy is expanding […] More

Central Bank of Colombia

September 27, 2013

Another monthly Board of Directors meeting ended today without a change in the 3.25% benchmark interest rate.  The last change was a reduction of 50 basis points on March 22 that punctuated a seven-move drop from 5.25% in which all six prior moves had been declines of 25 basis points.  The streak began in July […] More

Colombian Central Bank Rate Kept at 4.75% as Expected

December 16, 2011

Speaking about downside risks stemming from Europe and predicting that Colombian CPI inflation will fall below 4% this year on a December-over-December basis, the authorities at the Central Bank of the Republic of Colombia did not raise its key intervention rate for the fourth time in five meetings.  The exception was a 25-basis point hike […] More