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

FinanceColombiaEl EspectadorOct 30, 2026, 1:28 PM35 s readAI summary

The board of Colombia's Banco de la República voted by majority to keep the policy rate at 12.25%, the highest level since March 2024. Annual inflation in September edged up to 6.29%, against a 3% target, while core inflation fell from 6.1% to 6%. The central bank said the El Niño phenomenon is an upside risk for food and regulated prices. Three directors sought another 25-basis-point hike.

In 35 seconds

The board kept the rate at 12.25%, the highest since March 2024, with three directors seeking a 25-basis-point hike.
Annual inflation in September edged up to 6.29%, below market expectations and far from the 3% target.
Core inflation fell from 6.1% in August to 6% in September.

Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. 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 its interest rate at 12.25% after a split vote

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

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