2026.10.3018:00:00UTC+00Colombia Holds Benchmark Rate at 12.25% in November Amid Prolonged Tight Policy

Colombia’s central bank kept its key interest rate unchanged at 12.25% in November 2025, maintaining one of the highest policy rates in the region as it continues its tight monetary stance. The decision leaves the benchmark rate at the same level last recorded in September 2026, indicating a prolonged period of restrictive policy conditions.

The November 2025 move signals that policymakers opted for stability, neither tightening further nor beginning an easing cycle, despite borrowing costs already at 12.25%. With the rate unchanged across both reference points—November 2025 and September 2026—the data as of 30 October 2026 suggest that Colombia’s monetary authorities have prioritized anchoring inflation expectations and preserving financial stability over supporting faster credit growth.

The extended hold at 12.25% is likely to remain a key factor for investors assessing Colombia’s growth and inflation outlook, as markets watch for any signs of a future pivot away from this elevated level of interest rates.