Colombia cuts rates to record low of 2.25%

Central Bank of Colombia, Bogota

Central Bank of Colombia board directors unanimously decided to cut rates by 25 basis points to a new record low of 2.25% on July 31.

The decision reflects Colombia’s worsening economic outlook. The central bank revised down its economic forecast: it now expects GDP to contract 6–10%. Previously it expected a recession of between 2% and 7%.

Below-target inflation, at 2.19% in June versus the target of 3%, and weaker demand than previously forecast are the key factors behind the decision.

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: