Colombia's central bank
Coverage of Colombia's central bank in the Nexus archive.
- Colombia Raises Its Interest Rate to 12%, Bucking Latin America’s Easing Trend
Colombia's central bank raised its benchmark interest rate to 12% on June 30, exceeding analysts' expectations of 11.75%. The decision was supported by four of seven board members, while two favored a 50bp cut and one, Finance Minister Germán Ávila, advocated a hold. The move contrasts with Latin America's broader trend of easing monetary policies.
- Global Economy Briefing — July 1, 2026
A rally in chipmakers boosted Wall Street for a second day, with the Nasdaq rising 1.5% and the Dow hitting a third straight record. Colombia's central bank surprised markets with a larger-than-expected rate hike, highlighting ongoing inflation challenges in Latin America.
- Key Market Events for the Week of June 29 – July 3, 2026
The US payrolls report will be released on Thursday instead of Friday due to the July 4 holiday, with markets closing on July 3. The Eurozone flash CPI data will be published Wednesday, offering the first inflation reading after the ECB's recent rate hike, and Colombia's central bank will make a decision Tuesday afternoon.