Banco de la República
Banco de la República keeps interest rate at 9.25%
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The Banco de la República decided to keep the interest rate at 9.25% for October 2025, citing inflation rising for the third consecutive month. President Gustavo Petro reacted by stating that rates will only fall with the next board appointment. Manager Leonardo Villar clarified that the next appointment is scheduled for February 2029.
Following projections of around 5.2% for year-end 2025, Colombia's National Administrative Department of Statistics (Dane) reported actual annual inflation of 5.1% for December 2025, down 10 basis points from December 2024. This below-expectation figure underscores persistent pressures in housing, services, and food amid minimum wage hikes, as the central bank eyes interest rate moves.
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Following the December 27 registration of a promoter committee, President Gustavo Petro's government has presented a bill for a National Constituent Assembly. It proposes reviewing Colombia's economic model, boosting state roles in key sectors, and adjusting the Banco de la República's mandate to support growth and jobs while preserving autonomy.