Vargas-Herrera, Hernando

The first quarter of 2022 was characterized by continued global inflationary pressures, which were accentuated by the increase in commodity prices following Russia's invasion of Ukraine. In this context, most central banks continued to withdraw monetary stimulus adopted during the pandemic,…

In 2021, the global economic experienced a faster-than-expected recovery compared to the beginning of the year. This recovery led to increases in commodity prices and, in some cases, disruptions to global supply chains due to growing demand, resulting in increased inflationary pressures globally…

Webcast by our Deputy Technical Governor, Hernando Vargas.

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

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

Throughout the first quarter of 2021 (1Q21), financial markets revolved around increased optimism regarding expectations of a faster-than-anticipated global economic recovery, led by the US and China. This optimism stemmed from increased fiscal support, continued monetary stimulus, advancements…

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.

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

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

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

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.

Banco de la República (the Central Bank of Colombia) produces information for decision-making, accountability, and public dissemination. Particularly, the Financial Markets Report is framed within the principle of public dissemination and contributes to the Bank’s service of providing quality…

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…

Abstract