Colombia Monetary Policy


Colombia: Central Bank stays put for a second straight month

October 26, 2012

At its latest monetary policy meeting on 26 October, the Central Bank (BanRep) left the reference interest rate unchanged at 4.75%, in a decision widely expected by the market. The move follows on a similar decision adopted in September. According to the Bank, recent figures confirmed the weakness of the global economy in the third quarter. Monetary authorities, however, added that global financial conditions have improved as a result of the coordinated actions of the world's main central banks. At a domestic level, the Bank explained that the global slowdown has affected economic activity throughout a moderation in exports as well as reduced growth in industrial production. BanRep added that, in spite of the various signs of an economic slowdown, growth will continue to be supported by robust domestic demand. Regarding price developments, the Central Bank stated that both current inflation as well as inflation expectations are very close to the Bank's target of 3.0%. Monetary authorities added that the level of credit continues to moderate.


Sample Report

Looking for forecasts related to Monetary Policy in Colombia? Download a sample report now.


Colombia Monetary Policy Chart

Colombia Monetary Policy October 2012

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

Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

    Read more

  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

    Read more

  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

    Read more

  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

    Read more

  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

    Read more

More news

Search form