Colombian Central Bank Interest Rate Hike – Currency Thoughts
Colombian Central Bank Interest Rate Hike
April 1, 2026
A split decision at the Central Bank of Colombia produced a majority of four votes for a full percentage point interest rate hike to 11.25%, set against two votes for a 50-basis point increase and one vote cast for keeping the rate unchanged at 10.25%. Colombian CPI inflation had decelerated from 18.3% in March 2023 to 4.8% in mid-2025 but printed above 5.0% in the latest three months and is projected at 6.7% at the end of this year and 4.8% in end-2027. These forecasts exceed the 3% target. Yesterday’s action follows a similar full percentage point increase at the prior review in February and “aims to return inflation to a downward trajectory.”
Copyright 2026, Larry Greenberg. all rights reserved.
Tags: Central Bank of Colombia
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