COLOMBIA · MONETARY POLICY
Key Facts
—The ruling: Colombia’s Consejo de Estado, the top administrative court, provisionally suspended on May 26 the rule that required the finance minister’s presence for the central bank’s board to meet, citing Colombia central bank autonomy.
—The trigger: Finance minister Germán Ávila walked out of the Banco de la República session on March 31, 2026 in disagreement with the bank’s policy rate at 11.25 percent, and warned he would not attend further meetings.
—The legal pathway: The Sección Primera issued Auto 00143, suspending Article 35 of Decree 2520 of 1993 after a petition by lawyer Daniel Felipe Useche Daza, with the bank itself supporting the cautionary motion.
