# Banco de la República pushes back 3% inflation target to 2028

> Colombia's central bank raised its 2026 inflation forecast to 7.1% and its 2027 forecast to 4.8%, and now expects the 3% target to be reached only in 2028. It cut its 2026 GDP growth forecast to 2.0% and its 2027 forecast to 1.7%, citing labour costs, household and government spending, El Niño and service price adjustments.

- Date: 2026-11-05 · published 2026-11-05T15:10:30.497Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/81964-banco-de-la-republica-pushes-back-3-inflation-target-to-2028
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Higher-for-longer local inflation and a slower economy can keep the central bank's rates elevated and affect the peso, which matters for the cost of domestically sourced feed inputs.

## Sources

- pluralidadz.com: https://pluralidadz.com/economia/banco-de-la-republica-aleja-meta-de-inflacion-al-3-hasta-2028/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.