Colombia

Restrictive

Policy rate

12.00%

Last move Jun 2026

Inflation

5.14%

As of null

Real policy rate

6.86%

Policy rate less inflation

Debt to GDP

60.90%

2026 est.

Inflation target3%

Policy rate vs target—

Last move+75 bps hike

Months at current rate—

Real GDP growth2.30%

Next scheduled decisionOct 30, 2026

Policy rate path, latest five years.

The verdict

Colombia sets its policy rate at 12.00%, against inflation of 5.14% — a real rate of 6.86% after inflation. The most recent decision was a 75bp hike in Jun 2026. The bank targets 3% inflation, and prices are running above that at 5.14%. On the fiscal side, the economy carries government debt of 60.9% of GDP (2026 est.) and real GDP growth of 2.3%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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