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Published on Saturday, December 18, 2021

Colombia | BanRep raises policy rate by 50 bps in December

Banco de la República increased the policy rate by 50 basis points, bringing it to 3.0%. The vote was split, with 4 members in favor of a 50 basis points increase and 3 in favor of 75 basis points.

Key points

  • Key points:
  • Staff revised inflation forecasts upward.
  • The Staff ratified its GDP growth projection of 9.8% for 2021.
  • The rate adjustment may be, for some meetings, more accelerated than seen so far.

Associated documents for downloading

  • Report (PDF) 20211217-BanRep-Dic21V.pdf Spanish December 18, 2021

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