Main Reports NEW

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…

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…

This is the fourth edition of a publication by the Governor of the Central Bank of Colombia, addressed to citizens, analysts, and domestic and foreign investors interested in learning about the most recent events in the Colombian economy and their implications for monetary policy decision-making…

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…

On May 25, 2018, the Executive Board of the International Monetary Fund (IMF) approved a new agreement that was favorable to Colombia, within the framework of the flexible credit line (FCL), for 384% of the country’s quota in this organization. This percentage corresponds to 7.848 billion (b) of…

In 1an effort to comprehensively renew the regulatory framework and adjust it to the multiple events and innovations that have taken place in the Colombian scenario over the last eighteen years, Banco de la República recently began working on a revision of all pertinent regulations. The idea was…

Crypto-assets (CA) such as Bitcoin are digital units that can be used as a medium of payment for the exchange of goods and services, as a store of value, and as a unit of account (FATF, 2015). These assets can be stored on computer devices and transferred by the internet on a global scale…

One of the main functions of Banco de la República is to further the safe and efficient functioning of the payment systems, a job it carries out by providing banking services to financial institutions. These include access to payment systems and to trading, clearing, and custody of government…

The evolution of the Colombian economy during the first half of 2018 shows that the process of adjustment to the shocks of the last few years has consolidated simultaneously with an upturn in economic activity and improvement in consumer and entrepreneur confidence. The recent recovery has taken…

During the second quarter of 2018, inflation and inflation expectations, as well as several of the core inflation indicators, tended to stabilize and stood close to the 3.0% target. In that period, the economy´s growth could have been low, although improving, with a spare capacity that would…

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…

In compliance with Article 5, Act of Congress 31/1992, the Board of Directors of Banco de la República hereby submits to the Congress of the Republic of Colombia a report on the macroeconomic results for 2017 and the outlook for 2018 for its consideration. The last two chapters report on the…

The Board of Directors of the Central Bank of Colombia, as established in Article 5° of Act 31 of 1992, submitted its second report of the year to the Congress of Colombia. The report analyzes the international economic environment, the performance of the Colombian economy so far in 2017, and…

The analysis of credit institutions between August 2016 and February 2017 showed  a  lower  real  growth  of  the  loan  portfolio,  mainly  explained  by commercial loan-portfolio dynamics. The quality and non-performing loan indexes…

The Board of Directors of the Central Bank of Colombia submitted its first report of the year to the Congress of Colombia. The report analyzes the international economic environment, the performance of the Colombian economy in 2016, and the outlook for this year. In this context, the monetary…

As established in Article 5° of Act 31 of 1992, the Board of Directors of the Central Bank of Colombia submitted its second report of 2016 to the Congress of Colombia. The report analyzes the results of the Colombian economy to date, as well the national and international outlook for the current…

The Inflation Targeting Scheme in Colombia

OBJECTIVES

During the first semester of the year, a weak global demand, a fall of export prices in some countries and a low investment dynamic led to reduced growth forecasts for most Latin American and the Caribbean economies. In contrast, the Colombian economy shows signs of soundness, and growth in 2014…