Colombia Monetary Policy

Colombia

Colombia: Central Bank remains on hold, extends FX purchase programme

May 1, 2012

At its latest monetary policy meeting on 30 April, the Central Bank (BanRep) left the reference interest rate unchanged at 5.25%, in a move widely expected by the market. The decision marks the second consecutive month in which the Bank remains on hold, following on two 25-basis point rate hikes implemented in January and February. The Central Bank stated that inflation decelerated at a sharper than expected pace in March, while core inflation remained close to the Bank


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Note: Central Bank policy rate in %, eop.
Source: Colombia Central Bank.


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