economy
May 8, 2026
Minhacienda will insist on a reduction in interest rates at the next Banrep Board of Directors meeting
Minhacienda, Germán Ávila will go for a reduction in interest rates. Photo: Courtesy: Banrep.
TL;DR
- Finance Minister Germán Ávila will advocate for a reduction in interest rates at the upcoming Banco de la República Board of Directors meeting.
- Decisions on monetary policy will not be made in May; potential changes could occur in June and July.
- Ávila stated that monetary policy decisions are not neutral and involve protecting interests, aiming to benefit the most vulnerable and low-income populations.
- The Banco de la República maintained its monetary policy rate at 11.25% on April 30, 2026, with inflation at 5.6%.
- Economic indicators suggest first-quarter growth may surpass the previous quarter, and the labor market remains dynamic with historically low unemployment.