Colombian Central Bank Expected to Cut Rates by 25 Basis Points to 9% in July

A Reuters poll shows most analysts expect the Colombian central bank to lower interest rates by 25 basis points to 9% in July, with markets watching for signals on future monetary easing.

Key Takeaways

16 out of 20 analysts surveyed by Reuters predict a 25 bps rate cut to 9% this month.

1 analyst sees a 50 bps cut, while 3 expect rates to stay unchanged at 9.25%.

The decision will signal how aggressively Colombia’s central bank is prepared to ease monetary policy.

Majority of Analysts Expect July Rate Cut

According to Jinshi Data, a Reuters poll indicates that the Colombian central bank is likely to cut its benchmark interest rate by 25 basis points to 9% in July.

Of the 20 analysts surveyed, 16 expect a 25 bps cut, one forecasts a deeper 50 bps cut, while three believe rates will remain at 9.25%.

Markets Watching for Policy Easing Signals

The expected cut reflects slowing inflation pressures and the need to support economic growth. Market participants will also look for guidance on how quickly further rate cuts could follow in the second half of 2025.