Banco de la República holds rates steady: three directors wanted another hike

FinanceColombiaMinuto 30Oct 30, 2026, 2:50 PM30 s readAI summary

The Banco de la República's board kept the policy rate at 12.25% at its October 30 meeting, with four votes in favor and three against. The three dissenting directors voted for a 25-basis-point increase. The decision came with annual inflation at 6.3% in September, far from the 3% target, and signs of slowing growth in the third quarter. Governor Leonardo Villar presented the decision.

In 30 seconds

The policy rate remains at 12.25% after the October 30 meeting.
Four directors backed holding it and three voted to raise it by 25 basis points.
Annual inflation in September was 6.3%, while core inflation fell from 6.1% to 6.0%.

Read the full story at Minuto 30

IASummary generated by artificial intelligence from a story by Minuto 30. It may contain errors: the original source prevails.

Banco de la República
tasas de interés
inflación
política monetaria
Colombia

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Banco de la República holds rates steady: three directors wanted another hike

In 30 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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