• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

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

FinanceColombiaEl Colombiano35 s readAI summary
Image: El Colombiano

The board of Banco de la República kept its interest rate at 12.25%, the highest level since March 2024. Four board members voted for stability and three for a 25-basis-point hike. Annual inflation rose to 6.29% in September from 6.24% in August, while core inflation eased to 6.07%. The board also cited weak economic activity and risks from the El Niño phenomenon and public finances.

In 35 seconds

  • The rate stays at 12.25%, its highest level since March 2024, with four votes for stability and three for a 25-basis-point hike.
  • Annual inflation reached 6.29% in September from 6.24% in August, while core inflation fell to 6.07% from 6.12%.
  • The August ISE contracted 0.04% year-on-year, its first negative result since April 2025.
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.

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