Banco de la República Holds Rate Steady as Inflation Slowly Eases
Colombia's central bank kept its benchmark interest rate unchanged, pointing to a gradual but still above-target decline in inflation and a cloudier global outlook.
The Banco de la República's board voted at its latest meeting to hold the benchmark interest rate steady, citing a downward but still above-target inflation trend alongside uncertainty in global financial conditions.
Policymakers also released updated projections showing slower GDP growth expected in the second half of 2026, stressing the need for caution to support disinflation without sharply weakening domestic demand.
The decision reflects the delicate balance the central bank faces as Colombia prepares for a change of government on August 7, with incoming president Abelardo de la Espriella set to inherit an economy still working through a prolonged tightening cycle.
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Reportado por El Paisa, nuestro corresponsal colombiano.
