Colombia Interest Rate  1998-2018 | Data | Chart | Calendar | Forecast

The central bank of Colombia voted in a divided decision to reduce the benchmark interest rate by 25 bps to 4.50 percent on 29 January 2018 following no change on 14 December 2017. The move surprised consensus and leaves borrowing costs at the lowest level since August of 2015 amid stable inflation and weak growth. Consumer prices in Colombia increased 4.09 percent year-on-year in December of 2017, compared to 4.12 percent in the previous month and expectations of 3.98 percent. Policymakers underscored that inflation is expected to decline in the following months now that a tough comparison base arising from higher taxes is diluted. Four members of the board voted for the rate cut, whereas three members voted in favor of no change. Interest Rate in Colombia averaged 8.75 percent from 1998 until 2018, 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-11-24 08:00 PM Interest Rate Decision 4.75% 5% 5.00% 5%
2017-12-14 08:00 PM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2018-01-29 08:30 PM Interest Rate Decision 4.5% 4.75% 4.75% 4.75%
2018-02-23 08:00 PM Interest Rate Decision 4.5% 4.5% 4.5%
2018-03-20 07:25 PM Interest Rate Decision
2018-04-27 08:00 PM Interest Rate Decision


Colombia Money Last Previous Highest Lowest Unit
Interest Rate 4.50 4.75 32.00 3.00 percent [+]
Interbank Rate 4.50 4.50 13.50 2.94 percent [+]
Money Supply M0 55325.82 59363.04 59363.04 44.84 COP Billion [+]
Money Supply M1 99678.42 108437.20 108437.20 164.44 COP Billion [+]
Money Supply M3 477656.45 466984.12 477656.45 317.55 COP Billion [+]
Foreign Exchange Reserves 47781.05 47629.04 47781.05 -134.90 USD Million [+]
Deposit Interest Rate 6.80 4.60 37.23 3.66 percent [+]
Money Supply M2 437122.97 428394.59 437122.97 648.14 COP Billion [+]
Loans To Private Sector 89.78 89.57 1426.67 -2108.10 COP Billion [+]
Central Bank Balance Sheet 166396.30 168860.40 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.75 32.00 3.00 1998 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Jan/18
Mexico 7.50 Feb/18
Russia 7.50 Feb/18
Brazil 6.75 Feb/18
India 6.00 Feb/18
China 4.35 Jan/18
Indonesia 4.25 Feb/18
Australia 1.50 Feb/18
South Korea 1.50 Jan/18
United States 1.50 Jan/18
Canada 1.25 Jan/18
United Kingdom 0.50 Feb/18
Euro Area 0.00 Jan/18
France 0.00 Jan/18
Germany 0.00 Jan/18
Italy 0.00 Jan/18
Netherlands 0.00 Jan/18
Spain 0.00 Jan/18
Japan -0.10 Jan/18
Switzerland -0.75 Jan/18


Related

Latest