Inflation Report - December 2018

Full Report
Box 1 - Determinants of oil price and prospects for 2019
Box 2 - The new shopping basket and its implications
Keep in mind

The Monetary Policy Report presents the Bank's technical staff's analysis of the economy and the inflationary situation and its medium and long-term outlook. Based on it, it makes a recommendation to the Board of Directors on the monetary policy stance. This report is published on the second business day following the Board of Directors' meetings in January, April, July, and October.

AUTHOR OR EDITOR
Equipo Técnico Vargas-Herrera, Hernando Subgerencia de Política Monetaria e Información Económica González-Gómez, Andrés Departamento de Programación e Inflación Huertas-Campos, Carlos Alfonso Cobo-Serna, Adolfo León Caicedo-García, Édgar Cárdenas-Hurtado, Camilo Alberto Cote-Barón, Juan Pablo Galeano-Ramírez, Franky Martínez-Cortés, Nicolás Rojas, Carlos Daniel Pérez-Amaya, Julián Mauricio Calderón-López, Luis Hernán López, David Camilo Salazar-Diaz, Andrea Gaitan, Celina Restrepo, Sergio Parra-Amado, Daniel
Publication Date:
Wednesday, 29 May 2019

In December 2018, inflation and all core inflation indicators fell close to the 3.0% target. Inflation expectations to one and more years are around 3.5%. The new economic activity figures for the last quarter of 2018 suggest that economic growth is still recovering from levels of output lower than the country's natural output level. The current monetary policy stance is slightly expansionary. 

Boxes

Franky Galeano Ramírez, Carlos Daniel Rojas, Edward Gómez Beltrán

Edgar Caicedo G., Edward G. Gómez, Ramón Hernández

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