Board of Directors of Colombia´s Central bank maintained its interest rate at 1.75%

The Board of Directors of Banco de la República unanimously maintained its intervention interest rate at 1.75%. The Board estimated that an intervention rate of 1.75% maintains an expansionary monetary policy that supports the recovery of the Colombian economy. The inflation rate remians controlled, with 1.97% in september, and forecasts at the end of 2021 stand at 2.8%, while the two-year expectations obtained from the debt papers stand at 2.52%. The relaxation of isolation measures, fiscal support for households and companies, lower interest rates and the ample liquidity provided by the Banco de la República, are facilitating the conditions for the recovery of economic activity, stated the bank.

Source: Banco de la República