The Board of Directors of Banco de la República reiterates the 3% inflation target

Monetary policy actions that have facilitated the reduction in inflation will continue to be aimed at bringing inflation to the 3% target and ensuring that economic activity follows a sustainable path over time.
Publication Date:
Friday, 29 November 2024
16:45
  • The BDBR reiterates the 3% inflation target as a policy guideline and objective.
  • Headline and core inflation measures continue to fall within an environment of economic recovery.
  • The BDBR expects inflation to continue decreasing and converge to the 3% target by yearend 2025 (+/- 1%).
  • Reducing inflation would be facilitated if those who determine prices and wages incorporate the expected inflation reduction and its convergence toward the target in their decisions.
  • Monetary policy actions that have facilitated the reduction in inflation will continue to be aimed at bringing inflation to the 3% target and ensuring that economic activity follows a sustainable path over time.