Colombia's central bank: 6.29% inflation and El Niño limit rate options

FinanceColombiaEl EspectadorOct 24, 2026, 3:08 PM40 s readAI summary

Annual inflation in Colombia stood at 6.29% in September, more than double the Banco de la República's 3% target, driven by food and regulated prices. The board raised rates by 25 basis points in a split vote: four in favor, two for holding and one for a 50-point hike. Rates have accumulated 300 basis points of increases since December 2025. The minutes warn that El Niño and higher oil and agricultural input prices could add further pressure on prices.

In 40 seconds

Annual inflation reached 6.29% in September, against the central bank's 3% target.
The board raised rates 25 basis points in a split vote: four in favor, two for a pause and one for 50 points.
Rates have accumulated 300 basis points of hikes since December 2025 and stand at their highest level since March 2024.

Read the full story at El Espectador

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

Banco de la República
inflación
tasas de interés
El Niño
política monetaria

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Colombia's central bank: 6.29% inflation and El Niño limit rate options

In 40 seconds

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Keep reading

Bogotá Ciudad Aeropuerto seeks to link El Dorado with the Metro and Regiotram

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

President requests urgent congressional passage of fiscal adjustment bill