Colombia policy rate in 2024 (8 changes)

Start of year13.00%

End of year9.50%Dec 31, 2024

Net change-350 bp0 hikes, 8 cuts

Average11.38%

Rank by level5 / 38

Changes in 2024

Date	From	To	Change
Feb 1, 2024	13.00%	12.75%	cut -25 bp
Mar 26, 2024	12.75%	12.25%	cut -50 bp
May 2, 2024	12.25%	11.75%	cut -50 bp
Jul 2, 2024	11.75%	11.25%	cut -50 bp
Aug 1, 2024	11.25%	10.75%	cut -50 bp
Oct 1, 2024	10.75%	10.25%	cut -50 bp
Nov 1, 2024	10.25%	9.75%	cut -50 bp
Dec 23, 2024	9.75%	9.50%	cut -25 bp

Compared with other areas at the end of 2024

Türkiye47.5%

Russia21%

Brazil12.25%

Mexico10%

Colombia9.5%

Iceland8.5%

South Africa7.75%

Romania6.5%

India6.5%

Hungary6.5%

Indonesia6%

Serbia5.75%

Poland5.75%

Philippines5.75%

North Macedonia5.55%

Saudi Arabia5%

Peru5%

Chile5%

Hong Kong4.75%

United Kingdom4.75%

Norway4.5%

Israel4.5%

United States4.375%

Australia4.35%

New Zealand4.25%

Kuwait4%

Czechia4%

Canada3.25%

China3.1%

Euro area3%

Malaysia3%

South Korea3%

Sweden2.75%

Denmark2.6%

Morocco2.5%

Thailand2.25%

Switzerland0.5%

Japan0.25%

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%

← 2023 2025 →

2024: hikes and cuts worldwide →

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