Colombia cuts rates by 50 basis points to 12.25%

Two board members back higher rate cuts amid positive economic outlook

Central Bank of Colombia, Bogota
Central Bank of Colombia, Bogota

The Central Bank of Colombia’s board (Banrep) cut its policy rate by 50 basis points to 12.25%, it announced on April 2.

This is the third consecutive rate cut after reducing its rate by 25bp twice, in December and January. The interest rate peaked at 13.25% between April and December 2023.

The central bank’s board of directors has seven rate-setters, one of whom is the minister of finance.

!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d]

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account