Key data points
Last release
—
Observation period
Oct 31, 2024
Next release
—
Forecast
9.25 %
Highest
32.00 % on Nov 6, 1998
Lowest
1.75 % on Aug 30, 2021
About 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). The Colombian Peso weakened by nearly 1% against the dollar on the news.
Related indicators
Frequently Asked Questions
Colombia interest rate is 9.5% at the moment.
Last month Colombia interest rate was 9.5%, and the month before that it amounted to 9.75%.
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.