Colombia: central bank policy rate

Last updated: Oct 9, 2026 11:15 UTC

Policy rate12.25%Oct 2, 2026

For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.

SinceOct 1, 2026hike +25 bp

1 year ago9.25%

Last 2 years (daily values)

Policy rate since 2000 (month-end values)

All changes since 2000

Date	From	To	Change
Oct 1, 2026	12.00%	12.25%	hike +25 bp
Jul 1, 2026	11.25%	12.00%	hike +75 bp
Apr 1, 2026	10.25%	11.25%	hike +100 bp
Feb 2, 2026	9.25%	10.25%	hike +100 bp
May 2, 2025	9.50%	9.25%	cut -25 bp
Dec 23, 2024	9.75%	9.50%	cut -25 bp
Nov 1, 2024	10.25%	9.75%	cut -50 bp
Oct 1, 2024	10.75%	10.25%	cut -50 bp
Aug 1, 2024	11.25%	10.75%	cut -50 bp
Jul 2, 2024	11.75%	11.25%	cut -50 bp
May 2, 2024	12.25%	11.75%	cut -50 bp
Mar 26, 2024	12.75%	12.25%	cut -50 bp
Feb 1, 2024	13.00%	12.75%	cut -25 bp
Dec 20, 2023	13.25%	13.00%	cut -25 bp
May 2, 2023	13.00%	13.25%	hike +25 bp
Mar 31, 2023	12.75%	13.00%	hike +25 bp
Jan 30, 2023	12.00%	12.75%	hike +75 bp
Dec 17, 2022	11.00%	12.00%	hike +100 bp
Oct 31, 2022	10.00%	11.00%	hike +100 bp
Sep 30, 2022	9.00%	10.00%	hike +100 bp
Aug 1, 2022	7.50%	9.00%	hike +150 bp
Jul 1, 2022	6.00%	7.50%	hike +150 bp
May 1, 2022	5.00%	6.00%	hike +100 bp
Apr 1, 2022	4.00%	5.00%	hike +100 bp
Jan 31, 2022	3.00%	4.00%	hike +100 bp
Dec 18, 2021	2.50%	3.00%	hike +50 bp
Nov 2, 2021	2.00%	2.50%	hike +50 bp
Oct 1, 2021	1.75%	2.00%	hike +25 bp
Sep 28, 2020	2.00%	1.75%	cut -25 bp
Sep 1, 2020	2.25%	2.00%	cut -25 bp
Aug 1, 2020	2.50%	2.25%	cut -25 bp
Jul 1, 2020	2.75%	2.50%	cut -25 bp
Jun 1, 2020	3.25%	2.75%	cut -50 bp
May 4, 2020	3.75%	3.25%	cut -50 bp
Mar 30, 2020	4.25%	3.75%	cut -50 bp
Apr 30, 2018	4.50%	4.25%	cut -25 bp
Jan 30, 2018	4.75%	4.50%	cut -25 bp
Nov 27, 2017	5.00%	4.75%	cut -25 bp
Oct 30, 2017	5.25%	5.00%	cut -25 bp
Sep 1, 2017	5.50%	5.25%	cut -25 bp
Jul 28, 2017	5.75%	5.50%	cut -25 bp
Jul 4, 2017	6.25%	5.75%	cut -50 bp
May 30, 2017	6.50%	6.25%	cut -25 bp
May 2, 2017	7.00%	6.50%	cut -50 bp
Mar 27, 2017	7.25%	7.00%	cut -25 bp
Feb 27, 2017	7.50%	7.25%	cut -25 bp
Dec 19, 2016	7.75%	7.50%	cut -25 bp
Aug 1, 2016	7.50%	7.75%	hike +25 bp
Jun 23, 2016	7.25%	7.50%	hike +25 bp
May 31, 2016	7.00%	7.25%	hike +25 bp
May 2, 2016	6.50%	7.00%	hike +50 bp
Mar 22, 2016	6.25%	6.50%	hike +25 bp
Feb 22, 2016	6.00%	6.25%	hike +25 bp
Feb 1, 2016	5.75%	6.00%	hike +25 bp
Dec 21, 2015	5.50%	5.75%	hike +25 bp
Nov 30, 2015	5.25%	5.50%	hike +25 bp
Nov 3, 2015	4.75%	5.25%	hike +50 bp
Sep 28, 2015	4.50%	4.75%	hike +25 bp
Sep 1, 2014	4.25%	4.50%	hike +25 bp
Aug 1, 2014	4.00%	4.25%	hike +25 bp
Jun 24, 2014	3.75%	4.00%	hike +25 bp
Jun 3, 2014	3.50%	3.75%	hike +25 bp
Apr 28, 2014	3.25%	3.50%	hike +25 bp
Mar 26, 2013	3.75%	3.25%	cut -50 bp
Feb 25, 2013	4.00%	3.75%	cut -25 bp
Jan 29, 2013	4.25%	4.00%	cut -25 bp
Dec 24, 2012	4.50%	4.25%	cut -25 bp
Nov 26, 2012	4.75%	4.50%	cut -25 bp
Aug 27, 2012	5.00%	4.75%	cut -25 bp
Jul 30, 2012	5.25%	5.00%	cut -25 bp
Feb 27, 2012	5.00%	5.25%	hike +25 bp
Jan 31, 2012	4.75%	5.00%	hike +25 bp
Nov 28, 2011	4.50%	4.75%	hike +25 bp
Aug 1, 2011	4.25%	4.50%	hike +25 bp
Jun 20, 2011	4.00%	4.25%	hike +25 bp
May 31, 2011	3.75%	4.00%	hike +25 bp
May 2, 2011	3.50%	3.75%	hike +25 bp
Mar 22, 2011	3.25%	3.50%	hike +25 bp
Feb 28, 2011	3.00%	3.25%	hike +25 bp
May 3, 2010	3.50%	3.00%	cut -50 bp
Nov 24, 2009	4.00%	3.50%	cut -50 bp
Sep 28, 2009	4.50%	4.00%	cut -50 bp
Jun 23, 2009	5.00%	4.50%	cut -50 bp
Jun 1, 2009	6.00%	5.00%	cut -100 bp
May 4, 2009	7.00%	6.00%	cut -100 bp
Mar 24, 2009	8.00%	7.00%	cut -100 bp
Mar 2, 2009	9.00%	8.00%	cut -100 bp
Feb 2, 2009	9.50%	9.00%	cut -50 bp
Dec 22, 2008	10.00%	9.50%	cut -50 bp
Jul 28, 2008	9.75%	10.00%	hike +25 bp
Feb 25, 2008	9.50%	9.75%	hike +25 bp
Nov 26, 2007	9.25%	9.50%	hike +25 bp
Jul 30, 2007	9.00%	9.25%	hike +25 bp
Jun 19, 2007	8.75%	9.00%	hike +25 bp
May 22, 2007	8.50%	8.75%	hike +25 bp
May 2, 2007	8.25%	8.50%	hike +25 bp
Mar 26, 2007	8.00%	8.25%	hike +25 bp
Feb 26, 2007	7.75%	8.00%	hike +25 bp
Jan 29, 2007	7.50%	7.75%	hike +25 bp
Dec 18, 2006	7.25%	7.50%	hike +25 bp
Oct 30, 2006	7.00%	7.25%	hike +25 bp
Oct 2, 2006	6.75%	7.00%	hike +25 bp
Aug 22, 2006	6.50%	6.75%	hike +25 bp
Jun 21, 2006	6.25%	6.50%	hike +25 bp
May 2, 2006	6.00%	6.25%	hike +25 bp
Sep 19, 2005	6.50%	6.00%	cut -50 bp
Dec 20, 2004	6.75%	6.50%	cut -25 bp
Mar 23, 2004	7.00%	6.75%	cut -25 bp
Feb 23, 2004	7.25%	7.00%	cut -25 bp
Apr 29, 2003	6.25%	7.25%	hike +100 bp
Jan 20, 2003	5.25%	6.25%	hike +100 bp
Jun 17, 2002	5.75%	5.25%	cut -50 bp
May 20, 2002	6.25%	5.75%	cut -50 bp
Apr 15, 2002	7.25%	6.25%	cut -100 bp
Mar 18, 2002	8.00%	7.25%	cut -75 bp
Jan 21, 2002	8.50%	8.00%	cut -50 bp
Dec 17, 2001	8.75%	8.50%	cut -25 bp
Nov 13, 2001	9.25%	8.75%	cut -50 bp
Oct 16, 2001	9.50%	9.25%	cut -25 bp
Sep 17, 2001	10.00%	9.50%	cut -50 bp
Aug 17, 2001	11.00%	10.00%	cut -100 bp
Jul 30, 2001	11.50%	11.00%	cut -50 bp
Mar 12, 2001	12.00%	11.50%	cut -50 bp

Which rate is shown (BIS notes, in English)

1 day repo rate.

Prior to the adoption of the inflation targeting framework, there was no an explicit policy rate, but a system of monetary targeting with bands for interest rates and the exchange rate.

Changes by year

Method

We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).

About this page

The policy rate of Colombia is 12.25% (BIS data as of Oct 2, 2026).