Banco de la República

Money Moves

Raised benchmark rate to 12.25%

Colombia's central bank raised its benchmark interest rate by a quarter point to 12.25% on September 30, a move that surprised forecasters who expected a hold. The 4-2-1 vote came in the new government of President Abelardo De La Espriella and lifted the rate to its highest level since March 2024.

Updated 2 hours ago