Inflation Report - June 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.
During the second quarter of 2018, inflation and inflation expectations, as well as several of the core inflation indicators, tended to stabilize and stood close to the 3.0% target. In that period, the economy´s growth could have been low, although improving, with a spare capacity that would have widened vis-á-vis 2017.
Boxes
Camilo Cárdenas Hurtado, María Alejandra Hernández Montes
Edgar Caicedo García, Andrea Salazar Díaz
Carlos A. Huertas, Isleny J. Carranza