Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Colombia
COLIR3TCD01STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.63
Year-over-Year Change
-5.89%
Date Range
1/1/1986 - 12/1/2023
Summary
This economic trend measures the 3-month or 90-day interest rates and yields on certificates of deposit (CDs) in Colombia. It provides insights into the short-term cost of capital and liquidity conditions in the Colombian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Colombia series tracks the average interest rates and yields offered on CDs with a 3-month or 90-day maturity in the Colombian financial system. This metric is closely monitored by economists and policymakers to gauge the cost of short-term borrowing and the level of liquidity in the Colombian market.
Methodology
The data is collected and calculated by the Central Bank of Colombia based on surveys of financial institutions.
Historical Context
This interest rate trend is an important indicator used by the Central Bank of Colombia and analysts to inform monetary policy decisions and assess financial conditions.
Key Facts
- Colombia's 3-month CD rates averaged 6.7% in 2022.
- Short-term interest rates are a key policy tool for the Central Bank of Colombia.
- CD rates reflect the overall liquidity and credit conditions in the Colombian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rates and yields on 3-month or 90-day certificates of deposit (CDs) in the Colombian financial system.
Q: Why is this trend relevant for users or analysts?
A: This short-term interest rate trend provides insights into the cost of capital and liquidity conditions in Colombia, which is important for economic analysis and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Colombia based on surveys of financial institutions.
Q: How is this trend used in economic policy?
A: The 3-month CD rates in Colombia are closely monitored by the Central Bank and used to inform monetary policy decisions and assess financial conditions in the economy.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of Colombia with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Colombia (COLIR3TCD01STM), retrieved from FRED.