30.04.202618:00:00UTC+00Colombia Holds Key Interest Rate at 11.25% in May, Extending Tight Policy Stance

Colombia’s central bank kept its benchmark interest rate unchanged at 11.25% in May 2025, maintaining one of the region’s higher policy rates as it continues to prioritize inflation control and financial stability. The rate had previously been set at 11.25% in February 2026 and remains at that level according to the latest update as of 30 April 2026, signaling a prolonged period of monetary tightening.

The decision to hold at 11.25% underscores policymakers’ cautious approach amid persistent price pressures and an uncertain global backdrop. By keeping borrowing costs elevated, the central bank is aiming to anchor inflation expectations and safeguard the peso, even as high rates weigh on domestic demand and credit growth.

With the benchmark rate now steady at 11.25% from May 2025 through at least late April 2026, markets are likely to focus on incoming inflation and growth data for clues on when the central bank might begin easing. For now, the message from policymakers appears clear: restrictive monetary conditions will remain in place until there is stronger evidence of sustained disinflation and macroeconomic resilience.