The central bank of Colombia decided, in a vote of six votes to one, to keep its benchmark interest rate on hold at 1.75% during its March 2021 meeting, as widely expected. Policymakers noted that the annual inflation rate eased to a 4-month low of 1.51% in March, below the central bank's target of 3%. The Committee also revised upward its GDP growth forecast from 5.2% to 6.0% this year. source: Banco de la República de Colombia
Interest Rate in Colombia averaged 8.68 percent from 1998 until 2021, reaching an all time high of 32 percent in May of 1998 and a record low of 1.75 percent in September of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Interest Rate in Colombia is expected to be 1.75 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 2.00 in 12 months time. In the long-term, the Colombia Interest Rate is projected to trend around 2.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.