哥伦比亚央行在12月将基准利率下调25个基点至9.5%，低于预期的50个基点的下调幅度，五名董事会成员支持这一举措，一名赞成下调50个基点，另一名则赞成下调75个基点。11月份的年通胀率从10月份的5.4%降至5.2%，但由于持续的服务通胀，核心通胀率保持在5.4%。在总资本形成激增20.3%的推动下，第三季度国内生产总值增长了2.0%，使今年迄今的增长率达到1.6%。然而，由于全球金融形势趋紧、美联储预期降息放缓以及哥伦比亚财政的不确定性，最近的汇率波动增加了通胀风险，限制了大幅降息的空间。劳动力市场保持稳定，失业率低于疫情前的水平。央行强调，未来的利率决定将取决于即将公布的经济数据，同时平衡通胀压力和增长复苏。
The Central Bank of Colombia reduced its benchmark rate by 25 basis points to 9.5% in December, less than the expected 50bps reduction, with five board members supporting the move, while one favored a 50bps cut and another a 75bps reduction. Annual inflation eased to 5.2% in November from 5.4% in October, though core inflation held at 5.4% due to persistent service inflation. GDP expanded by 2.0% in Q3, driven by a 20.3% surge in gross capital formation, lifting year-to-date growth to 1.6%. However, recent exchange rate volatility, stemming from tighter global financial conditions, slower expected Fed rate cuts, and Colombia’s fiscal uncertainty, has raised inflationary risks, limiting room for aggressive rate cuts. The labor market remained stable, with unemployment below pre-pandemic levels. The central bank emphasized that future rate decisions will depend on incoming economic data while balancing inflationary pressures and growth recovery.
