Inflation Report - March 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 the first quarter of 2018, inflation and core inflation fell more than projected and accelerated their convergence to the 3.0% target. In March 2018, the annual variation of the CPI and the average of core inflation indicators stood at 3.14% and 3.64%, respectively. These figures were close to 1 pp lower than the records of last December
Boxes
Miguel Arquez Abdala, José Franco Sepúlveda, Camilo Cárdenas Hurtado
Edgar Caicedo García , Isleny J. Carranza Amórtegui
Daniel Parra, José Franco
