The Fund highlighted that the country’s macroeconomic policy framework remains very strong and focused on correcting the internal and external macroeconomic imbalances accumulated during 2021 and 2022.
Although there is a declining inflationary trend, current levels remain elevated and exceed the 3% target. Projections suggest a notable deceleration of inflation in 2024 in an environment of moderate economic growth.
Five directors voted in favor of this decision, while one director voted for a 75 bps reduction and one director for a 100 basis-point decrease. In its policy discussion, the Board considered the following elements:
This new entry refers to a chapter of a recent document in the Ensayos sobre Política Económica Journal (ESPE in Spanish), which estimates the costs of these types of diseases and their macroeconomic impact on the Colombian health care system.
La Junta Directiva del Banco de la República le rinde cuentas a la ciudadanía a través del Informe al Congreso, que analiza el cambio sustancial del escenario macroeconómico entre 2020 y 2021, y plantea los retos de la política económica colombiana. Consúltelo aquí.
The Regional Economic Bulletin for Q4-2021 provides information on the evolution of the main variables of economic activity in the regions of the country: Bogotá, center, Caribbean Coast, Eje Cafetero, Northwest, Northeast, Southwest, and Southeast regions. [Only in Spanish. Find it here]