Colombia interest rateColombia interest rateColombia interest rate

Colombia interest rate

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Key data points


Last release
Observation period
Oct 31, 2024
Next release
Forecast
Highest
32.00% on Nov 6, 1998
Lowest
1.75% on Aug 30, 2021

About Colombia interest rate


Category
Money
Frequency
Daily
Units
%
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). The Colombian Peso weakened by nearly 1% against the dollar on the news.

Frequently Asked Questions


Colombia interest rate is 9.75% at the moment.
Last month Colombia interest rate was 9.75%, and the month before that it amounted to 10.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.