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

FinanceColombiaEl ColombianoOct 30, 2026, 1:15 PM40 s readAI summary

The board of Banco de la República decided to keep the monetary policy interest rate unchanged at 12.25%, with four votes in favor of holding it and three backing a 25-basis-point increase. The central bank cited annual inflation of 6.3% in September, core inflation of 6.0%, expectations of 6.9% for December 2026 and 4.0% over two years, El Niño risks, a slowdown in economic activity and the evolution of public finances. Finance Minister Miguel Gómez did not take part in the press conference.

In 40 seconds

The policy rate stays at 12.25% with four votes in favor and three for a 25-basis-point hike.
Annual inflation was 6.3% in September and core inflation fell from 6.1% to 6.0%.
Inflation expectations for December 2026 rose to 6.9% and remain at 4.0% over two years.

Read the full story at El Colombiano

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

Banco de la República
tasas de interés
inflación
política monetaria
Colombia

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

In 40 seconds

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