Colombia cuts rates to record-low 2%

Central Bank of Colombia, Bogota

The Central Bank of Colombia cut rates to a new record low of 2% on August 31, in a bid to boost economic activity.

The 25 basis point move is the central bank’s sixth consecutive rate reduction. These actions have reduced the policy rate by 225bp since March 2020.

Lower inflation is giving the institution the policy space to sustain this monetary stimulus. In July, inflation rose year on year by 1.97%, and the average of the core inflation indicators is 1.76%.

Additionally, expected

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: