Colombia Holds Key Rate at 9.25% After Two Ratings Downgrades

Nación Paisa

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The Board of Directors of the Bank of the Republic decided to maintain the bank interest rate at 9.25%, the reference rate for all banks in the country. The decision was supported by four co-directors of the organization, while the government and another co-director requested a 50 basis point reduction in the rate, and another requested a 25 basis point reduction. The higher-than-expected increase in the fiscal deficit was one of the factors tak…

Globo

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The decision was not unanimous: four directors voted in favour of the maintenance of the rate, two opted for a cut of 0.5 percentage points and one director approved a reduction of 0.25 points.

Valora Analitik

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This decision takes effect from Friday, May 2, 2025. Photo: Banco de la República. The Board of Directors of the Banco de la República decided this Friday by majority to keep the interest rate unchanged at 9,25 %. Four directors voted in favour of this decision, two for a reduction of 50 basis points (pb) and one for 25 pb. Recommended: Interest rates in Colombia would end 2025 above 8%: BanRep technical team The market anticipated that the cent…

Gestion

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Colombian bond investors join for the last year of President PetroColombian assets fell on Friday after Moody’s Ratings and S&P Global Ratings lowered the country’s credit rating, in a new blow to investors’ confidence in bad public finances. Dollar bonds recorded the second worst performance in emerging markets, while longer-term maturities lost up to 0.7 cents per dollar. The currency depreciated more than 1% before cutting losses, while two-y…

cablenoticias.tv

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Moody’s Ratings lowered Colombia’s rating from Baa2 to Baa3 due to the “projected deterioration of government debt indicators.” President Gustavo Petro attributed to Congress’s rejection of a tax reform the lowering of the country’s ratings by the Moody’s Ratings and Standard and Poor’s (S&P) risk measurement agencies announced the day before. “That’s because they didn’t approve the financing law. Said and done. The country earned a lot from tha…