Banco de la República espera que la inflación baje al 4% al cierre de 2026 y que llegue a la meta de 3% en 2027

TL;DR

JDBR forecasts inflation to reach approximately 4% in 2026 and the 3% target in 2027.
The bank reiterated its 3% inflation target as a policy guide.
Monetary policy actions will continue to aim for the 3% inflation target and sustainable economic growth and employment.
October's year-on-year inflation was 5.51%, slightly higher than the 5.41% in October 2024.
The interest rate was maintained at 9.25% in late October, a level in place since April.
Four board members voted to keep the rate unchanged, while two proposed a 50 basis point reduction and one suggested a 25 basis point cut.
The central bank's cautious stance differs from the government's calls for lower rates to boost the economy.

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