Colombia's central bank holds interest rate at 12.25% despite expectations of a hike

FinanceColombiaVanguardiaOct 30, 2026, 2:43 PM35 s readAI summary

Banco de la República decided to keep its interest rate unchanged at 12.25%, even though the market expected an increase of at least 25 basis points. The vote was split: four members backed holding the rate and three asked for a 0.25 percentage point hike. Factors considered include September's annual inflation of 6.29%, far from the 3% target, inflation expectations near 6% and the impact of the El Niño phenomenon on food prices.

In 35 seconds

The rate stays at 12.25%, its highest level since March 2024.
Four members voted to hold it and three to raise it by 0.25 percentage points.
Annual inflation in September reached 6.29%, against a 3% target.

Read the full story at Vanguardia

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

Banco de la República
tasas de interés
inflación
política monetaria

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Colombia's central bank holds interest rate at 12.25% despite expectations of a hike

In 35 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