Bogotá, Colombia

Presentación del Informe de Política Monetaria Enero 2020, realizada en la Universidad de la Salle.

In this article, we study the role of cash and electronic payments in the payment ecosystems of Colombia and the world, and the factors that determine their demand.

For these purposes, we address the following research questions:

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

Monetary Policy in Colombia

As per its constitutional mandate, Banco de la República must ensure that the purchasing power of the currency is maintained in coordination with the general economic policy1. In order to fulfill this mandate, the Board of Direc­tors of…

Banco de la República is currently in the process of modernizing its Inflation Report with the goal of communicating an analysis of economic conditions and forecasts for the economy in a better way. For that reason, as of the October edition, the report will be structured as…

Today (Nov

In March, inflation stood at 3.21% (graph A) and the average of core inflation indicators is 2.82%. These figures are lower than was expected a quarter ago and close to the 3.0% inflation target. The lower actual inflation versus the forecast is explained mainly by tradables (0.9%) and non-…

This Financial Stability Report (FSR) presents the Central Bank’s appreciation on the recent performance of credit institutions and their debtors, as well as on the main risks and vulnerabilities that could affect the financial stability of the Colombian economy. The FSR is intended to keep both…

In Colombi

Presented at the main building of Banco de la República (Central Bank of Colombia).

Video of the Financial Stability Report for the first semester of 2019

This was the presentation of the #FinancialStabilityReport for the first half of 2019 by the Governor of the…

In December 2018, inflation and all core inflation indicators fell close to the 3.0% target. Inflation expectations to one and more years are around 3.5%. The new economic activity figures for the last quarter of 2018 suggest that economic growth is still recovering from levels of output lower…

This Financial Stability Report presents the appreciation of Banco de la República (the Central Bank of Colombia) on the recent performance of credit institutions and their debtors, as well as on the main risks and vulnerabilities that could have some effect on the financial stability of the…

This docum

1. The recovery of the Colombian economy has gradually mitigated the main short-term vulnerabilities for the financial stability of the system.

2. Credit institutions maintain solid solvency and liquidity indicators, despite the reduction in profitability and the slow growth in the volume…

In the third quarter of 2018, inflation rose less than expected by analysts and the Central Bank’s technical st

In this seventh edition of the Payment Systems Report, the boxes focus on three topics of interest to the industry that renders payments clearing and settlement services as well as to those taking part in them. First, the international debate revolving around the optimal capital level of Central…

Colombia consistently exhibits one of the lowest levels of productivity in Latin America in relative terms compared to developed countries. Between 1951 and 2015, Colombia's total factor productivity is, on average, just a little more than half that of the United States. This immense gap in…

Abstract