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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 31 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 31 institutional desks. No promotion.
Policy rate
12.00%
as of 2026-07-16
Next meeting
Jul 31
T-8d
Banco de la República is the central bank of Colombia, conducting monetary policy under an inflation-targeting framework to preserve the purchasing power of the peso. Its Board of Directors holds monthly meetings, with monetary-policy-rate decisions taken on a pre-announced subset, to set the benchmark intervention rate.
Policy decisions are announced on the dates above. Source: official central bank schedules.
Policy rate
12.00%
As of 2026-07-16
Reports referencing BanRep across covered research desks
The next Banco de la República (BanRep) policy decision is scheduled for Jul 31. Because Banco de la República sets monetary policy for the COP, its rate decisions and forward guidance are among the most important scheduled catalysts for COP exchange rates, and sell-side FX desks reposition their COP forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' COP targets shift before and after BanRep decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Banco de la República's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the COP, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for COP forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 31 major banks read the BanRep path and translates it into where the COP consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Banco de la República's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their COP targets. Relative policy paths (the BanRep versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BanRep actions transmit into the COP. FX Bank Forecast compares the published COP forecasts of 31 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BanRep outlook evolves.