Colombia's central bank holds interest rate at 12.25% in split vote

FinanceColombiaEl TiempoOct 30, 2026, 3:25 PM40 s readAI summary

The board of Colombia's Banco de la República voted by majority to keep the monetary policy interest rate unchanged at 12.25%. Four directors backed holding steady and three voted for a 25-basis-point increase. The announcement was led by general manager Leonardo Villar, without Finance Minister Miguel Gómez present. The decision comes with annual inflation at 6.3% in September and core inflation at 6.0%. The board also authorized buying US$2 billion from the government for the rest of 2026.

In 40 seconds

The policy rate stays at 12.25%: four directors voted to hold it and three to raise it by 25 basis points.
Annual inflation edged up to 6.3% in September, while core inflation fell from 6.1% to 6.0%.
The central bank flagged El Niño as an upside risk for food and regulated service prices, and asked Congress to study the Economic Rescue Bill.

Read the full story at El Tiempo

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

Banco de la República
tasa de interés
inflación
reservas internacionales
política monetaria

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Colombia's central bank holds interest rate at 12.25% in split vote

In 40 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

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day