# Minutes of the Banco de la República: three votes to raise rates

> Minutes from Colombia’s central bank meeting in October show the policy rate was held at 12.25% by a 4–3 vote. Three board members supported a 25-basis-point increase, aiming to keep 2027 inflation from exceeding the staff forecast of 4.8%.

- Date: 2026-11-07 · published 2026-11-08T00:11:45.701Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/86665-minutes-of-the-banco-de-la-republica-three-votes-to-raise-rates
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

The divided vote signals that restrictive policy could persist or tighten if inflation remains elevated. Higher rates may weigh on domestic demand and borrowing but do not directly establish a feed-commodity price direction.

## Sources

- pymenoticias.com: https://www.pymenoticias.com/post/minutas-banrep-tres-codirectores-alza-tasa-pymes

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.