Colombia's central bank kept its benchmark interest rate unchanged at 12.0% on July 31st. The bank noted that annual inflation rose to 6.1% in June, driven by higher food and regulated prices, while core inflation held steady at 6.0%. Inflation expectations for end-2026 and 2027 increased to 6.6% and 5.0%, respectively, with market-based expectations remaining above 6.0%. The bank also noted that economic activity strengthened in the second quarter, supported by robust services sector growth, and maintained its 2026 GDP growth forecast at 2.5%. The unemployment rate fell to 8.0% in June. A stronger Colombian peso has helped ease inflationary pressures, but risks from the Middle East conflict and a potential El Niño event could fuel inflation and weigh on growth. Future policy decisions will remain data dependent. source: Banco de la República de Colombia

The benchmark interest rate in Colombia was last recorded at 12 percent. Interest Rate in Colombia averaged 8.70 percent from 1998 until 2026, reaching an all time high of 32.00 percent in May of 1998 and a record low of 1.75 percent in September of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

The benchmark interest rate in Colombia was last recorded at 12 percent. Interest Rate in Colombia is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Interest Rate is projected to trend around 12.00 percent in 2027 and 10.75 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 06:30 PM Interest Rate Decision 11.25% 11.25% 11.75% 11.75%
2026-06-30 06:00 PM Interest Rate Decision 12% 11.25% 11.75% 11.75%
2026-07-31 06:50 PM Interest Rate Decision 12% 12% 12.5% 12.5%
2026-09-30 06:00 PM Interest Rate Decision 12% 12%
2026-10-30 06:00 PM Interest Rate Decision
2026-12-18 06:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 67028.10 66957.40 USD Million Jul 2026
Interest Rate 12.00 12.00 percent Jul 2026
Money Supply M0 192245.21 191157.44 COP Billion Jun 2026
Money Supply M1 229645.00 222945.00 COP Billion Jun 2026
Money Supply M2 970789.00 959767.00 COP Billion Jun 2026
Money Supply M3 1020712.46 1011131.28 COP Billion Jun 2026


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). The Colombian Peso weakened by nearly 1% against the dollar on the news.
Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 32.00 1.75 1998 - 2026 percent Daily

News Stream
Colombia Holds Interest Rate at 12.0%
Colombia's central bank kept its benchmark interest rate unchanged at 12.0% on July 31st. The bank noted that annual inflation rose to 6.1% in June, driven by higher food and regulated prices, while core inflation held steady at 6.0%. Inflation expectations for end-2026 and 2027 increased to 6.6% and 5.0%, respectively, with market-based expectations remaining above 6.0%. The bank also noted that economic activity strengthened in the second quarter, supported by robust services sector growth, and maintained its 2026 GDP growth forecast at 2.5%. The unemployment rate fell to 8.0% in June. A stronger Colombian peso has helped ease inflationary pressures, but risks from the Middle East conflict and a potential El Niño event could fuel inflation and weigh on growth. Future policy decisions will remain data dependent.
2026-07-31
Colombia Central Bank Raises Interest Rates in June
The Central Bank of Colombia raised its benchmark interest rate by 75 basis points to 12% at its June 30 meeting, tightening policy as inflationary pressures intensified. Policymakers noted that inflation continued to accelerate, with headline inflation reaching 5.8% in May and core inflation rising to 6.0%, moving further away from the bank’s 3% target. Inflation expectations also remained elevated across all horizons despite some easing in June. Economic activity showed resilience, with GDP growth accelerating to 2.2% year-on-year in the first quarter, above the 2.0% expansion in the previous quarter, while domestic demand continued to outpace output. The labor market also remained strong, with unemployment at a historically low 8.0% in May and wages rising significantly. The board said the rate hike aims to steer inflation back onto a downward path, while future policy decisions will depend on incoming data and evolving external risks.
2026-06-30
Colombia Holds Rates Against Expectations of Hike
The Central Bank of Colombia kept its policy rate unchanged at 11.25% at its April 30 meeting, defying expectations for a hike to the 11.75%–12.00% range. The decision reflects a broad assessment of key indicators. Inflation has eased in recent months but remains above target, while economic activity shows mixed signals, with some sectors recovering and others still under pressure. The bank aims to avoid overly tight financial conditions that could derail the fragile recovery, while staying committed to returning inflation to its 3% target. Looking ahead, policy will depend on the path of inflation and economic growth.
2026-04-30