Colombia Interest Rate

The benchmark interest rate in Colombia was last recorded at 3.25 percent. Interest Rate in Colombia is reported by the Banco de la Republica. Historically, from 1998 until 2013, Colombia Interest Rate averaged 8.84 Percent reaching an all time high of 32 Percent in May of 1998 and a record low of 3 Percent in December of 2010. In Colombia, interest rate decisions are taken by The Central Bank of Columbia (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 includes a chart with historical data for Colombia Interest Rate.

FROM TO COMPARE
Colombia Interest Rate

Money Last Previous Highest Lowest Forecast Unit Trend
Foreign Exchange Reserves 40509.26 May/2013 40089.66 40509.26 -134.90 39801.47 May/2013 USD Million Trend
Money Supply M0 31243.28 May/2013 30545.81 34698.52 44.83 31182.57 May/2013 COP Billion Trend
Money Supply M1 67074.28 May/2013 68102.13 73233.98 164.44 67614.83 May/2013 COP Billion Trend
Money Supply M3 304681.33 Apr/2013 305297.95 305297.95 317.55 306998.48 May/2013 COP Billion Trend
Interest Rate 3.25 May/2013 3.25 32.00 3.00 3.25 Jun/2013 Percent Trend


Calendar Country Event Reference Actual Previous Consensus Forecast
22/Feb/2013 01:30 PM
Colombia Interest Rate Decision
22/Mar/2013 07:00 PM
Colombia Interest Rate Decision 3.25% 3.75%
26/Apr/2013 07:30 PM
Colombia Interest Rate Decision 3.25% 3.25% 3.25%
31/May/2013 08:00 PM
Colombia Interest Rate Decision 3.25% 3.25% 3.25% 3.25%
28/Jun/2013 01:30 PM
Colombia Interest Rate Decision 3.25% 3.25%
26/Jul/2013 01:30 PM
Colombia Interest Rate Decision
30/Aug/2013 01:30 PM
Colombia Interest Rate Decision
27/Sep/2013 01:30 PM
Colombia Interest Rate Decision
25/Oct/2013 01:30 PM
Colombia Interest Rate Decision
26/Nov/2013 01:30 PM
Colombia Interest Rate Decision
20/Dec/2013 01:30 PM
Colombia Interest Rate Decision

Colombia Cuts Interest Rate to 3.75%
Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  2/25/2013 11:49:12 AM


The Central Bank of Colombia decided on February 22 to cut the key interest rate for the sixth consecutive time since last June, in an effort to revert the economic slowdown.

According to the monetary authorities, the decision was made after taking into account that the Colombian economy is growing below its potential, and because observed and projected inflation is comfortably below the goal of 3 percent, with no upward pressure expected in the near future.

 



Interest Rate | Notes

The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.



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