A survey of 18 analysts conducted by Anif indicates strong expectations for Colombia’s central bank, the Banco de la República, to raise its benchmark interest rate to 11.75%. Ninety percent of those surveyed anticipate this increase. However, the survey also reveals potential internal disagreement within the bank’s governing board. Specifically, three members of the seven-person board are predicted to oppose further rate hikes. This anticipated dissent suggests a divided opinion on the appropriate monetary policy response. The analysts’ forecasts reflect concerns about persistent inflationary pressures within the Colombian economy. The next monetary policy meeting will be closely watched to confirm these expectations and gauge the extent of the internal debate.