The central bank of Colombia left the benchmark interest rate unchanged at 4.25 percent on 21 June 2019, as widely expected. Policymakers noted that economic activity for the first quarter of the year was weaker than expected. It also noted that inflation could go higher than the current 3.31 percent due to transitory supply shocks. The Committee also mentioned that the current account deficit of 4 percent of GDP is still expected to be covered by FDI. Interest Rate in Colombia averaged 8.72 percent from 1998 until 2019, reaching an all time high of 32 percent in May of 1998 and a record low of 3 percent in May of 2010.

Interest Rate in Colombia is expected to be 4.25 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 4.50 in 12 months time. In the long-term, the Colombia Interest Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Colombia Interest Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 05:50 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2019-03-22 08:00 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2019-04-26 06:00 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2019-06-21 10:00 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2019-07-26 07:00 PM Interest Rate Decision 4.25% 4.25% 4.25%
2019-08-30 07:00 PM Interest Rate Decision 4.25%
2019-09-27 07:00 PM Interest Rate Decision 4.25%


Colombia Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.25 32.00 3.00 percent [+]
Interbank Rate 4.25 4.25 13.50 2.94 percent [+]
Money Supply M0 61374.24 59885.32 64377.56 44.84 COP Billion [+]
Money Supply M1 110670.01 107489.89 116395.82 164.44 COP Billion [+]
Money Supply M3 506184.25 507576.31 507576.31 317.55 COP Billion [+]
Foreign Exchange Reserves 52444.49 51975.23 52444.49 -134.90 USD Million [+]
Deposit Interest Rate 4.70 6.00 37.23 3.66 percent [+]
Money Supply M2 464368.30 463623.77 464368.30 648.14 COP Billion [+]
Loans To Private Sector 89.78 89.57 1426.67 -2108.10 COP Billion [+]
Central Bank Balance Sheet 206285.20 204775.50 211896.80 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 32.00 3.00 1998 - 2019 percent Daily




Country Last Previous
Argentina 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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