BanRep raises inflation forecasts: 7.1% in 2026 and 4.8% in 2027
The Banco de la República's Monetary Policy Report revised its inflation forecasts upward: 7.1% for the end of 2026 (previously 6.9%) and 4.8% for 2027 (previously 4.3%), driven by larger effects of El Niño on food prices and on regulated items such as gas and electricity. The central bank expects inflation to keep falling in 2027 and 2028 and to approach the target at the end of that horizon. It projects GDP growth of 2.0% in 2026 and 1.7% in 2027, after 3.4% growth in the second quarter.
In 45 seconds
- Headline inflation would end 2026 at 7.1% and 2027 at 4.8%, both revised up from the July report.
- Core inflation would stay at 6.1% in 2026 and rise to 4.6% in 2027, versus the 4.2% previously estimated.
- BanRep expects inflation to continue falling in 2027 and 2028 and to approach the target at the end of that period.
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IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.
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