• 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 holds interest rate at 12.25%

FinanceColombiaBlu Radio35 s readAI summary
Image: Blu Radio

The Board of Banco de la República voted by majority to keep the monetary policy interest rate at 12.25%, with four votes in favor and three directors backing a 25-basis-point hike to 12.50%. The central bank attributed the restrictive stance to recent consumer price behavior and risks to the cost of living, with annual inflation at 6.3% in September. It also flagged El Niño as the main upside risk for food and regulated services.

In 35 seconds

  • The policy rate stays at 12.25% with four votes in favor and three for raising it to 12.50%.
  • Annual inflation stood at 6.3% in September, a slight rebound from previous months.
  • Banco de la República named El Niño as the main upside risk for food and regulated services.
Read the full story at Blu Radio

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

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