Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Policy Rate Close To Level Required For Inflation Convergence To Target

COLOMBIA
  • From the statement (translated):
  • “Global inflation has decreased as a result of the monetary policy adjustment process and the mitigation of supply disturbances on maritime transport costs and international prices of some food and energy products. The improvement in the external environment and confidence in Colombia's fiscal prospects have been reflected in a drop in the exchange rate.”
  • “The growth rate of credit has slowed, which favors a moderation of domestic demand, and with it inflationary pressures in 2023.”
  • “With the decision adopted in today's session, monetary policy is close to the position required to induce a convergence of inflation towards its 3% target in the medium term. Further decisions by the Board will depend on new information available.”
116 words

To read the full story

Why Subscribe to

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.
  • From the statement (translated):
  • “Global inflation has decreased as a result of the monetary policy adjustment process and the mitigation of supply disturbances on maritime transport costs and international prices of some food and energy products. The improvement in the external environment and confidence in Colombia's fiscal prospects have been reflected in a drop in the exchange rate.”
  • “The growth rate of credit has slowed, which favors a moderation of domestic demand, and with it inflationary pressures in 2023.”
  • “With the decision adopted in today's session, monetary policy is close to the position required to induce a convergence of inflation towards its 3% target in the medium term. Further decisions by the Board will depend on new information available.”