the interest rate in Colombia in 2016 begin with a rate of 6, mainly due to growth in inflation presented at the end of 2015 stood at 6.77 % due to the nominal depreciation consumer prices and the  increase in the food prices .

 

the value of the interest rate mainly affects the cost of consumption credits that will rise and what it has to do with housing and vehicles. Second it affects the foreign exchange market as it can bring down the dollar and thirdly especially discourages consumption of households