Central Bank Board of Directors leaves intervention rate unchanged at 11.25%
Germán Ávila, Minister of Finance and Public Credit, and Leonardo Villar, Manager of the Bank of the Republic. Photo: Bank of the Republic
TL;DR
- The monetary policy rate remains at 11.25%.
- Total inflation was 5.6% in March, with basic inflation increasing to 5.8%.
- Inflation expectations for over a year decreased, but those for 2026 increased.
- Economic growth in the first quarter is expected to exceed the last quarter of 2025.
- The labor market is dynamic with low unemployment.
- The Middle East conflict could increase international energy and fertilizer prices.
- The decision supports economic recovery without compromising inflation targets.