After a prolonged period of price stability, global inflation rose in 2021 and 2022 to unexpectedly high levels, reaching an average of 8.7% in…
Blog BanRep
Last modified
Friday the 12th of November, 2021
BanRep Blog: The Changing Relationship Between the Benchmark Policy Rate and Mortgage Rates in Recent Times
In recent discussions about Colombia’s macroeconomic environment, the weakening relationship between Banco de la República’s…
BanRep Blog: Central Bank Independence and Inflation
A common feature of modern central banks is their independence from the government. This autonomy is justified because the goals of the government…
BanRep Blog: The Role of Banco de la República as a Development Bank
According to the prevailing view in Latin America of the mid-20th century—which saw active state intervention as essential for promoting…
BanRep Blog: Bre-B, a Brief History of the Interoperated Instant Payment System
Over the past decade, instant payment systems have established themselves as essential infrastructure for modernizing the financial sector in…
BanRep Blog: The Profits of Banco de La República and Foreign Reserves
Each year, Banco de la República (the Central bank of Colombia) generates profits that, by law, must be transferred to the…
