This was a complex year for the Central Bank. Inflation vastly exceeded our 3% target, which forced our institution to make drastic monetary policy decisions, as part of a cycle of rate increases that began the previous year. Between January and October, the monetary policy rate (MPR) rose from 4.0% ...

The policy framework in place over the last two decades has provided a valuable tool for facing complex times, and it will undoubtedly continue to help us in the future. The second milestone is related to our mandate for financial system stability. In 2023, the financial markets were more volatile, ...