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

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 The Board of Directors of the Bank of the Republic (JDBR) projects that inflation will continue to decrease, reaching around 4% in 2026 and the 3% target in 2027. The bank maintained its key interest rate at 9.25%, a decision described as cautious due to rising inflation expectations. This prudent approach contrasts with the government’s desire for lower interest rates to stimulate economic recovery.

• 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.