Colombia policy rate in 2023 (4 changes)

Start of year12.00%

End of year13.00%Dec 31, 2023

Net change+100 bp3 hikes, 1 cuts

Average13.038%

Rank by level3 / 38

Changes in 2023

Date	From	To	Change
Jan 30, 2023	12.00%	12.75%	hike +75 bp
Mar 31, 2023	12.75%	13.00%	hike +25 bp
May 2, 2023	13.00%	13.25%	hike +25 bp
Dec 20, 2023	13.25%	13.00%	cut -25 bp

Compared with other areas at the end of 2023

Türkiye42.5%

Russia16%

Colombia13%

Brazil11.75%

Mexico11.25%

Hungary10.75%

Iceland9.25%

South Africa8.25%

Chile8.25%

Romania7%

Peru6.75%

Czechia6.75%

Serbia6.5%

Philippines6.5%

India6.5%

North Macedonia6.3%

Saudi Arabia6%

Indonesia6%

Poland5.75%

Hong Kong5.75%

New Zealand5.5%

United States5.375%

United Kingdom5.25%

Canada5%

Israel4.75%

Euro area4.5%

Norway4.5%

Australia4.35%

Kuwait4.25%

Sweden4%

Denmark3.6%

South Korea3.5%

China3.45%

Malaysia3%

Morocco3%

Thailand2.5%

Switzerland1.75%

Japan-0.1%

Year-end rate over time

202612.25%

20259.25%

20249.5%

202313%

202212%

20213%

20201.75%

20194.25%

20184.25%

20174.75%

20167.5%

20155.75%

20144.5%

20133.25%

20124.25%

20114.75%

20103%

20093.5%

20089.5%

20079.5%

20067.5%

20056%

20046.5%

20037.25%

20025.25%

20018.5%

200012%

← 2022 2024 →

2023: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.