Colombia's central bank holds interest rate at 12.25%
Banco de la República decided this Friday, October 30, to keep its monetary policy interest rate at 12.25%, amid concerns over inflation and the performance of Colombia's economy. The board adopted the decision by majority, with four votes to hold and three in favor of a 25-basis-point hike. Among the factors analyzed was annual inflation in September, around 6.3%, above the central bank's 3% target.
In 30 seconds
- The policy rate stays at 12.25%, per the decision taken on Friday, October 30.
- The board voted 4 to hold and 3 to raise the rate by 25 basis points.
- Annual inflation in September stood around 6.3%, against a 3% target.
IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.




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