• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Colombia's central bank decides on Friday whether to raise the interest rate, currently at 12.25%

FinanceColombiaVanguardia35 s readAI summary
Image: Vanguardia

The board of Colombia's Banco de la República meets this Friday, October 30, to decide on the interest rate, which stands at 12.25%. According to the ANIF survey, 13 of the 19 analysts consulted expect a 25 basis point increase, which would leave the rate at 12.50%, while six expect it to stay unchanged. The decision comes with inflation above 6.3%, far from the 3% target.

In 35 seconds

  • The central bank's interest rate is at 12.25% and the board decides this Friday, October 30.
  • 13 of 19 analysts surveyed by ANIF expect a 25 basis point hike to 12.50%; six expect it to hold.
  • Inflation stands above 6.3%, far from the 3% target.
Read the full story at Vanguardia

IASummary generated by artificial intelligence from a story by Vanguardia. It may contain errors: the original source prevails.

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