Colombia has increased its interest rates by 1 percentage points, from 11% to an annual rate of 12%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on October31th 2022, when the Central Bank increased interest rates by 1 percentage points to 11%.
Here we show you the progression of interest rates in Colombia. You can see interest rates in other countries in interest rates and see all the economic information about Colombia in Colombia economy.