The central bank of Colombia left its key interest rate steady at a record low of 1.75 percent on November 27th 2020, in line with market forecasts. Policymakers said recent indicators showed economic activity is recovering as expected and is expected to continue in 2021. Inflation in October fell to 1.75 percent from 1.97 percent in September and the outlook for 2021-2023 remains anchored at 3 percent. source: Banco de la República de Colombia
Interest Rate in Colombia averaged 8.69 percent from 1998 until 2020, 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 December of 2020.
Interest Rate in Colombia is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Colombia to stand at 2.25 in 12 months time. In the long-term, the Colombia Interest Rate is projected to trend around 2.50 percent in 2021 and 3.25 percent in 2022, according to our econometric models.