Colombia orders ninth consecutive rate increase

Banco de la Republica
Central Bank of Colombia branch in Cartegena
Rachael King

The board of Colombia’s central bank raised its policy rate by 100 basis points on September 29, bringing it to 10%.

This is the ninth consecutive increase in a year. The central bank has now tightened the rate by 825bp from the level of 1.75% it maintained throughout the height of the Covid-19 pandemic.

In its statement, the central bank said six of the seven members of the board of directors voted for the 100bp rise. The seventh backed a 50bp increase.

The central bank said it was

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

If you already have an account, please sign in here.

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: