Inflation Report - December 2018
The Monetary Policy Report presents the Bank's technical staff's analysis of the economy and the inflationary situation and its medium and long-term outlook. Based on it, it makes a recommendation to the Board of Directors on the monetary policy stance. This report is published on the second business day following the Board of Directors' meetings in January, April, July, and October.
In December 2018, inflation and all core inflation indicators fell close to the 3.0% target. Inflation expectations to one and more years are around 3.5%. The new economic activity figures for the last quarter of 2018 suggest that economic growth is still recovering from levels of output lower than the country's natural output level. The current monetary policy stance is slightly expansionary.
Boxes
Franky Galeano Ramírez, Carlos Daniel Rojas, Edward Gómez Beltrán
Edgar Caicedo G., Edward G. Gómez, Ramón Hernández
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