Monetary policy
Colombia's inflation is projected at 4.9% for 2026, missing the Banco de la República's target range for the sixth consecutive year. A Corficolombiana report estimates it will close 2025 at 5.2%, roughly the same as last year, signaling a stall in disinflation. The goal of nearing 3% is now delayed until 2027.
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Cuba's Central Bank introduced a third official floating exchange rate of 410 pesos per US dollar on December 18, 2025, adding to the existing rates of 24 and 120 pesos. The measure aims to capture foreign currency from the informal market and progress toward gradual monetary unification. Officials defend the change as responsible, though doubts remain about its impact on the economic crisis.