Colombia Bank Holds 11.25%, Peso Down 1.4%

Colombian peso fell 1.4% to 0.026961 per USD after Banco de la República kept its benchmark rate at 11.25% on Thursday.
Inflation in March rose to 5.6% headline and 5.8% core, both above December levels by 46 and 80 basis points respectively.
The board cited strong Q1 activity, low unemployment, and lower near‑term inflation expectations, though year‑end 2026 expectations rose.
It warned that Middle East conflict could push up energy and fertilizer prices and tighten external financing conditions for Colombia.