The initial step in understanding this framework is to grasp its objective: to achieve an inflation target that helps maintain output growth near its potential capacity.
Minutes of the Board of Directors Thursday, 05 February 2026 - 11:44
Four directors voted in favor of this decision; two voted for a 50-basis-point reduction, and one director voted to maintain the rate unchanged. In its policy discussion, the Board of Directors considered the following factors:
The technical staff of Banco de la República presents the January 2026 Monetary Policy Report, which analyzes the main variables underlying the macroeconomic outlook and the dynamics of inflation in the country.
Four directors voted in favor of this decision; two voted for a 50-basis-point reduction, and one director voted to maintain the rate unchanged. In its policy discussion, the Board of Directors considered the following factors:
As usual, we devote the last Blog of the year to provide a preliminary assessment of the performance of the Colombian economy over the year about to end, as well as to examine its outlook.