The Central Bank (BanRep) kept its reference interest rate unchanged at 3.25% at its most recent monetary policy meeting, which took place on 29 November. The wide majority of LatinFocus Consensus Forecast panelists had expected the Bank to make this decision. The key policy rate has been at the current level since March 2013. This is the lowest rate since February 2011.
Read more about Colombian Monetary Policy.