Colombia Interest Rate  1998-2017 | Data | Chart | Calendar | Forecast

The central bank of Colombia cut the key interest rate by 25 bps to 5.25 percent at its August 31st of 2017 meeting, matching market expectations. The move follows a 25 bps slash in the July meeting and leaves the rate at its lowest level since October of 2015. Policymakers underscored that supply-side inflationary shocks continued to blur, as inflation fell for the 12th consecutive month and currently stands at 3.40 percent (vs 3.99 percent in June). Policymakers also mentioned that economic activity remains sluggish but GDP came slightly above expectations on higher government spending. Four members voted in favor of the 25 bps cut; two voted for a 50 bps trim; and one voted for no change. Interest Rate in Colombia averaged 8.76 percent from 1998 until 2017, reaching an all time high of 32 percent in May of 1998 and a record low of 3 percent in May of 2010.

Colombia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-01 12:30 AM Interest Rate Decision 5.75% 6.25% 6% 6.25%
2017-07-27 08:00 PM Interest Rate Decision 5.50% 5.75% 5.5% 5.5%
2017-08-31 08:00 PM Interest Rate Decision 5.25% 5.50% 5.25% 5.25%
2017-09-29 08:00 PM Interest Rate Decision 5.25% 5%
2017-10-30 07:00 PM Interest Rate Decision 5%
2017-11-24 07:00 PM Interest Rate Decision 5%


Colombia Money Last Previous Highest Lowest Unit
Interest Rate 5.25 5.50 32.00 3.00 percent [+]
Interbank Rate 5.25 5.25 13.50 2.94 percent [+]
Money Supply M0 50528.63 49698.94 54871.02 44.84 COP Billion [+]
Money Supply M1 93573.94 94417.28 103068.87 164.44 COP Billion [+]
Money Supply M3 455912.03 452546.82 455912.03 317.55 COP Billion [+]
Foreign Exchange Reserves 47565.92 47530.41 47565.92 -134.90 USD Million [+]
Banks Balance Sheet 492048.00 485521.50 492048.00 28161.21 COP Billion [+]
Deposit Interest Rate 6.80 4.60 37.23 3.66 percent [+]
Loans To Private Sector 89.78 89.57 1426.67 -2108.10 COP Billion [+]
Money Supply M2 418156.34 415075.60 418156.34 648.14 COP Billion [+]
Central Bank Balance Sheet 161118.20 163038.50 179500.10 17217.55 COP Billion [+]


Colombia Interest Rate

In Colombia, interest rate decisions are taken by The Central Bank of Colombia (The Banco de la República). The Banco de la República implements monetary policy by changing interest rates, which either provide or withdraw liquidity from the economy. The official interest rates are the intervention interest rates (Tasas). This page provides the latest reported value for - Colombia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.25 5.50 32.00 3.00 1998 - 2017 percent Daily




interest rate by Country

Last
Russia 8.50 Sep/17
Brazil 8.25 Sep/17
Turkey 8.00 Sep/17
Mexico 7.00 Aug/17
India 6.00 Aug/17
Indonesia 4.50 Aug/17
China 4.35 Aug/17
Australia 1.50 Sep/17
South Korea 1.25 Aug/17
United States 1.25 Sep/17
Canada 1.00 Sep/17
United Kingdom 0.25 Sep/17
Euro Area 0.00 Sep/17
France 0.00 Sep/17
Germany 0.00 Sep/17
Italy 0.00 Sep/17
Netherlands 0.00 Sep/17
Spain 0.00 Sep/17
Japan -0.10 Sep/17
Switzerland -0.75 Sep/17