These are the forecasts of the surveyed analysts for inflation, growth, exchange rate, Monetary policy rate, and other variables such as unemployment, fiscal deficit and current account deficit.
In this post, Board Members Bibiana Taboada and Mauricio Villamizar analyze different conditional criteria to assess the Colombian Central Bank's decisions compared to others in similar economies.
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:
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.
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]