Skip to main content

Colombia holds rates and shores up reserves by $2bn

Central bank says move to purchase dollars from government ensures it can weather potential shocks

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

The Central Bank of Colombia (Banrep) has held its benchmark rate at 12.25% in a split decision amid softer economic growth and accelerating inflation.

On October 30, four board directors voted in favour of the decision while three voted for a 25 basis point hike. In a statement, the central bank said the decision supported a “restrictive monetary policy” consistent with its projection of reducing inflation in 2027.

The move did not come as a surprise to the markets. Seventeen of the 31 analysts

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Artículos más leídos cargando...

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

Iniciar sesión
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

.