Colombian monetary policy
No Colombian Interest Rate Hike this Month
August 31, 2016
By a 6-1 vote, the Board of the Central Bank of the Republic of Colombia agreed to leave its interest rate benchmark at 7.75%. That decision broke a string of 11 straight monthly hikes, nine by 25 basis points and two by 50 basis points. The dissenting vote wanted a 25-basis point increase. CPI inflation […] More
Central Bank of Colombia
June 23, 2016
Colombia’s central bank interest rate was again raised on June 22 after the latest monthly meeting. The increase was 25 basis points to 7.5%, which is three percentage points above the 4.5% level prior to September 2015. A released statement observes that inflation of 8.2% in May was still far above the 2-4% target for 2017 but […] More
Central Bank of the Republic of Colombia Again Keeps Key Interest Rate Unchanged
February 28, 2014
The last change in Colombia’s main central bank lending rate was a 50-basis point cut on March 22, 2013 that culminated a string of seven reduction beginning in July 2012 and cumulating to 200 basis points. Previously, the rate was raised by 225 basis points between July 2011 and July 2012. Colombian CPI inflation stood […] More
Mexico and Colombia: Central Bank Rates Left Unchanged
April 26, 2013
It’s not just the wealthier nations that are experiencing slower growth. Mexico and Colombia are two Latin American economies that are growing below potential. Bank of Mexico officials had implemented a 50-basis point cut of its key interest rate in July. That was the first reduction since July 2009. There was not a follow-up move […] More
A Larger Interest Rate Cut by the Central Bank of the Republic of Colombia
March 22, 2013
Monetary policymakers in Bogota eased policy for the fifth straight month and for the seventh time since their meeting last July. While the first six rate cuts were by 25 basis points, the increment was doubled to 50 bps today. The accrued reduction of 200 bps over this span offsets all by 25 bps of […] More
Central Bank of the Republic of Colombia Cuts Interest Rate as Expected
February 22, 2013
A sixth 25-basis point interest rate reduction since July 2012 was announced by Colombia’s central bank in a unanimous 5-0 vote after “taking into account that the Colombian economy is growing below its potential, observed and projected inflation lie below the 3% target, and nowhere can be seen upward pressures on it in the near […] More
Bank of the Republic of Colombia — Rate Cut Review
January 28, 2013
Colombia’s central bank intervention interest rate was cut for a third straight time and the fifth time in seven months. The rate is now at 4.0%, down from 5.25% from February 2012 through July 2012. The rate had previously been raised from 3.0% prior to February 2011. The current easing trend has happened against the […] More
An Interest Rate Trend Reversal in Colombia
July 28, 2012
The previous nine changes in the overnight lending rate of the Central Bank of the Republic of Colombia had all been increases of 25 basis points. This tightening was undertaken from February 2011 to February 2012 and had raised the benchmark from 3.0% to 5.25%. The Board of Directors had not changed the stance at […] More
Monetary Policy on Hold in Colombia
May 29, 2012
The Central Bank of the Republic of Colombia’s overnight lending rate was left at 5.25% on Monday. This was the third straight monthly meeting to have produced such a result, and the vote by policymakers was unanimous. From a floor of 3.0%, they had previously raised the rate in 25-basis point increments seven times in […] More
