Banco de la República expects to meet below-4% inflation target by 2028

FinanceColombiaELHERALDO.COOct 22, 2026, 1:52 PM35 s readAI summary

Banco de la República governor Leonardo Villar said the country's projected spending adjustment supports meeting the below-4% inflation target by 2028. He acknowledged that the targets will not be met this year or next, and attributed the improvement in expectations to the 235-basis-point interest rate hike in the first quarter, complemented by another 25 basis points. He spoke at the 36th National Congress of Family Compensation Funds in Cartagena.

In 35 seconds

Villar projects the below-4% inflation target will be met by 2028
The central bank acknowledges inflation targets will not be met this year or next
The 235-basis-point rate hike in the first quarter, plus 25 additional basis points, moved the forward expectation from 4.7% to below 4%

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IASummary generated by artificial intelligence from a story by ELHERALDO.CO. It may contain errors: the original source prevails.

Banco de la República
inflación
tasas de interés
política monetaria
Colombia

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Banco de la República expects to meet below-4% inflation target by 2028

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day