The central bank of Colombia raised its benchmark interest rate by 25 basis points to 2% on September 30th, as expected. It was the first rate hike since June 2016 as it seeks to control inflation. In August, the annual inflation rate climbed 4.44%, the highest since April of 2017. Meantime, the central bank increased its gross domestic product forecast to 8.6% from 7.5% previously and inflation predictions for the year to 4.5% from 4.1% previously. source: Banco de la República de Colombia

Interest Rate in Colombia averaged 8.66 percent from 1998 until 2021, reaching an all time high of 32 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 October of 2021.

Interest Rate in Colombia is expected to be 2.00 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 3.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Colombia Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 06:00 PM 1.75% 1.75% 1.75%
2021-06-28 06:00 PM 1.75% 1.75% 1.75% 1.75%
2021-07-30 06:30 PM 1.75% 1.75% 1.75% 1.75%
2021-09-30 06:00 PM 2% 1.75% 2% 2%
2021-10-29 06:00 PM 2%
2021-11-26 06:00 PM
2021-12-17 06:00 PM


News Stream
Colombia Rises Interest Rate to 2%
The central bank of Colombia raised its benchmark interest rate by 25 basis points to 2% on September 30th, as expected. It was the first rate hike since June 2016 as it seeks to control inflation. In August, the annual inflation rate climbed 4.44%, the highest since April of 2017. Meantime, the central bank increased its gross domestic product forecast to 8.6% from 7.5% previously and inflation predictions for the year to 4.5% from 4.1% previously.
2021-09-30
Colombia Holds Interest Rate at 1.75%
The central bank of Colombia decided, in a vote of six votes to one, to keep its benchmark interest rate on hold at 1.75% during its March 2021 meeting, as widely expected. Policymakers noted that the annual inflation rate eased to a 4-month low of 1.51% in March, below the central bank's target of 3%. The Committee also revised upward its GDP growth forecast from 5.2% to 6.0% this year.
2021-04-30
Colombia Leaves Interest Rate Unchanged at 1.75%
The central bank of Colombia voted unanimously to keep its benchmark interest rate on hold at 1.75% during its March 2021 meeting, as widely expected. Policymakers noted that the annual inflation rate eased to a 3-month low of 1.56% in February, below the central bank's target of 3%. The Committee also revised upward its GDP growth forecast to 5.2% this year.
2021-03-26
Colombia Holds Interest Rate at 1.75%
The central bank of Colombia left its key interest rate steady at a record low of 1.75 percent on January 29th of 2021, as widely expected. The decision was backed by five of the seven board members. Policymakers noted that inflation was at 1.6 percent in 2020, well below the 3% central bank’s target. The Committee expects inflation to remain at low levels during the first quarter and a subsequent acceleration during the rest of the year. Also, the central bank continues to forecast the annual inflation rate at 2.7 percent by the end of 2021 and at 3 percent by the end of 2022.
2021-01-29

Colombia Last Unit Reference Previous Highest Lowest
Interest Rate 2.00 percent Sep/21 1.75 32.00 1.75
Money Supply M1 168661.73 COP Billion Sep/21 171016.01 171016.01 164.44
Money Supply M0 95681.63 COP Billion Sep/21 95704.12 96873.73 44.84
Money Supply M3 643390.06 COP Billion Aug/21 642262.76 643390.06 317.55
Foreign Exchange Reserves 58710.06 USD Million Sep/21 58842.96 59143.96 -134.90
Money Supply M2 592603.83 COP Billion Aug/21 592176.71 592603.83 648.14


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).