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Colombia Interest Rate

Colombia's interest rate held steady at 9.25% in September 2025, mirroring the 9.25% rate from July 2025. This stability is driven by persistent inflation which is expected to finish 2025 near 5.0%, exceeding the central bank's target. Elevated inflation expectations and fiscal deficit concerns also influenced the Banco de la República's cautious monetary policy, resulting in a prolonged pause in rate cuts. Stronger-than-expected economic activity, shown by 2.9% GDP growth in July 2025, further supported maintaining current rates. Colombia's record low interest rate was 1.75% in September 2020 and record high was 13.25% in April 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 30, 2025 9.25%
Jul 31, 2025 9.25%
Jun 27, 2025 9.25%
Jul 31, 2024 10.75%
Jun 28, 2024 11.25%
Apr 30, 2024 11.75%
Mar 22, 2024 12.25%
Jan 29, 2024 12.75%
Dec 15, 2023 13%
Oct 31, 2023 13.25%
Sep 29, 2023 13.25%
Jul 28, 2023 13.25%
May 31, 2023 13.25%
Apr 28, 2023 13.25%
Feb 28, 2023 12.75%
Jan 27, 2023 12.75%
Dec 16, 2022 12%
Oct 28, 2022 11%
Jul 29, 2022 9%
May 31, 2022 6%
Apr 29, 2022 6%
Jan 28, 2022 4%
Dec 17, 2021 3%
Oct 29, 2021 2.5%
Aug 30, 2021 1.75%
Jul 30, 2021 1.75%
Jun 28, 2021 1.75%
Apr 30, 2021 1.75%
Mar 26, 2021 1.75%
Feb 16, 2021 1.75%
Jan 29, 2021 1.75%
Dec 18, 2020 1.75%
Oct 30, 2020 1.75%
Sep 25, 2020 1.75%
Jul 31, 2020 2.25%
Jun 26, 2020 2.5%
Apr 30, 2020 3.25%
Mar 27, 2020 3.75%
Jan 31, 2020 4.25%
Dec 20, 2019 4.25%
Oct 31, 2019 4.25%
Sep 23, 2019 4.25%
Aug 30, 2019 4.25%
Jul 26, 2019 4.25%
Jun 21, 2019 4.25%
Apr 26, 2019 4.25%
Jan 31, 2019 4.25%
Dec 21, 2018 4.25%
Oct 26, 2018 4.25%
Aug 31, 2018 4.25%
Jul 27, 2018 4.25%
May 31, 2018 4.25%
Apr 27, 2018 4.25%
Mar 20, 2018 4.5%
Jan 29, 2018 4.5%
Dec 19, 2017 4.75%
Oct 27, 2017 5.25%
Aug 31, 2017 5.25%
Jul 27, 2017 5.5%
Jun 24, 2017 5.75%
Apr 28, 2017 6.5%
Mar 24, 2017 7%
Jan 27, 2017 7.5%
Dec 19, 2016 7.5%
Aug 31, 2016 7.75%
Jul 29, 2016 7.75%
Jun 24, 2016 7.5%
Apr 29, 2016 7%
Mar 20, 2016 6.5%
Jan 30, 2016 6%
Dec 18, 2015 5.75%
Oct 30, 2015 5.25%
Sep 25, 2015 4.75%
Aug 21, 2015 4.5%

Recent Events

datetime event actual previous consensus
2025-09-30 02:00 PM Interest Rate Decision 9.25% 9.25% 9.25%

Next Release Date :

Colombia Interest Rate : Definition
The Interest Rate set by the Bank of the Republic of Colombia is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -1.8% -2.2% Dec'24
Debt to GDP Ratio 61.3% 55.5% Dec'24
Private Credit (% GDP) 39.56% 41.66% 2024