Colombia's central bank holds interest rate at 12.25%
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.
IASummary generated by artificial intelligence from a story by Blu Radio. It may contain errors: the original source prevails.




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