Economy & Business - November 2025

COLOMBIA | Interest rate held as inflation persists. On 31 October Colombia’s central bank (Banrep) maintained its benchmark interest rate at 9.25% in its fourth consecutive decision to keep the rate unchanged, following a 25 basis-point cut in April. In a statement, Banrep noted that annual inflation increased for the third consecutive month in September to 5.2%, above the bank’s target of 3%, and said that inflation is likely to stay higher than this target for the next two years. However, Banrep did also note that economic activity data shows a good level of dynamism in internal demand, driven by both private and public consumption and increased investment in machinery, equipment, and public works.