Banco de la República’s board to resume regular meeting schedule in 2021
Banco de la República’s board of directors (BDBR) in 2021 will resume its regular practice of considering changes to the benchmark interest rate in only eight of its 12 ordinary annual meetings. The BDBR will continue to take up remaining issues within its purview in each of its meetings.
Meetings in which changes to the benchmark interest rate are to be considered will be held in January, March, April, June, July, September, October, and December.
The return to its regular meeting framework will not preclude the BDBR from making policy rate decisions in any of its ordinary monthly meetings. The BDBR is also able to convene extraordinary policy rate meetings when deemed necessary in response to exceptional circumstances.
POLICY RATE DECISION + MONETARY POLICY REPORT
JANUARY · APRIL · JULY · OCTOBER
One week before the meeting of the Board of Directors (BDBR)
Day of the meeting of the Board of Directors
Second working day following the meeting of the BDBR
Wednesday following the meeting of the BDBR
POLICY RATE DECISION
MARCH · JUNE · SEPTEMBER · DECEMBER
One week before the meeting of the Board of Directors (BDBR)
Day of the meeting of the Board of Directors
Second working day following the meeting of the BDBR
Wednesday following the meeting of the BDBR
Does not apply
NO POLICY RATE DECISION IS MADE IN
FEBRUARY · MAY · AUGUST · NOVEMBER
One week before the meeting of the Board of Directors (BDBR)
Does not apply
Day of the meeting of the Board of Directors
Second working day following the meeting of the BDBR
Does not apply
Wednesday following the meeting of the BDBR
Does not apply
Bogotá,
