Colombian and Caribbean central banks hold rates

Banrep board ignores government’s call for cut, while Jamaica and Dominican Republic also hold

Central America and Caribbean Islands

Colombia: The Central Bank of Colombia’s (Banrep) board voted by a split decision to hold its policy rate at 13.25% at its September 29 monetary policy meeting.

Five of Banrep’s seven-member board of directors voted in favour of the hold. The minority voted for a 25 basis point cut.

In its statement, the board cited continuing high inflation. Though headline and core inflation are falling, the figures for August were 11.4% and 9.9% year on year. The inflation target is 3%, plus or minus 1%.

T

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

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

.