Vargas-Herrera, Hernando

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s…

Banco de la República (the Central Bank of Colombia) produces information intended for decision-making and accountability processes as well as for public knowledge. In particular, the Financial Markets Report responds to the principle of public dissemination, thus contributing to the Bank’s…

The global economy proved resilient during the period analyzed, although signs of a slowdown emerged towards the end of the quarter.

Inflation indicators remain above the target of most central banks despite continuing to show a decline in most countries.

Despite significant declines in 2023, inflation indicators remain above the target of most central banks.

Global inflationary pressures remain high, although showing a downward trend, while economic activity demonstrated greater resilience than expected.

Banco de la República (the Central Bank of Colombia - Banrep) generates information for decision-making, accountability, and public dissemination purposes. In particular, the Financial Markets Report is framed within the principle of public disclosure and contributes to fulfill the Bank's…

Webcast by our Deputy Technical Governor, Hernando Vargas.

Webcast by our Deputy Technical Governor, Hernando Vargas.

Presentación del Informe de Política Monetaria a cargo del gerente general, Leonardo Villar, y de Hernando Vargas, gerente técnico del Banco de la República

In the last four years, Colombia has faced some of the events that have had the greatest impact on economic performance in more than a century. The international price of oil fell to less than a third of its value between June 2014 and January 2016, and again between September 2018 and April…

Webcast by our Deputy Technical Governor, Hernando Vargas.

Presentación del Informe de Política Monetaria a cargo del gerente general, Leonardo Villar, y de Hernando Vargas, gerente técnico del Banco de la República.

Rueda de prensa virtual: Presentación del Informe de Política Monetaria - Agosto 2020 from Banco de la República - Colombia on Vimeo.

Presentación virtual del Informe de Política Monetaria a cargo del gerente general, Juan José Echavarría, y de Hernando Vargas, gerente técnico del Banco de la República.

Presentación del Informe de Política Monetaria Enero 2020, realizada en la sala de prensa del Banco de la República.

Two FX policy issues are discussed based on the recent Colombian experience. First, the increased participation of foreign investors in local bond markets since 2014 induced a reassessment of international reserve adequacy. We present the resulting LCR-type methodology to evaluate…

RESUMEN NO TÉCNICO

‘La efectividad de la intervención cambiaria y la influencia de la incertidumbre sobre la tasa de cambio’

In the first quarter of 2018, inflation and core inflation fell more than projected and accelerated their convergence to the 3.0% target. In March 2018, the annual variation of the CPI and the average of core inflation indicators stood at 3.14% and 3.64%, respectively. These figures were close…