Free Trial

MNI BRIEF: BanRep Reiterates 3% Inflation Target For 2025

MNI (BRASILIA) - The Central Bank of Colombia reiterated its 3% inflation target on Friday, reducing the timeframe to 12 months for 2025. The board also confirmed a tolerance range of 1% up and down.

"Monetary policy actions, which have helped reduce inflation, will continue to be aimed at bringing inflation to the 3% target and guiding economic activity onto a sustainable path over time," BanRep said in a statement. "The JDBR (board) estimates that inflation will continue to decline and converge to 3% by the end of 2025, with an uncertainty range of +/- 1%," it added.

By law, the board must confirm or adjust the inflation target and timeframe every November. Last year, BanRep maintained its 3% target but extended the timeframe by six months to 18 months. This year, they returned to the traditional 12-month horizon, as MNI anticipated earlier this month. (See MNI POLICY: BanRep Likely To Keep 3% Target, Shorten Horizon)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.