Measures taken by BR on account of COVID-19

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Banco de la República (the Central Bank of Colombia) increases the allotment of repos with private debt instruments.

Banco de la República increased the allotment of liquidity auctions from $17 trillion to $20 trillion as of Tuesday, 17 March 2020. The $3 t increase is destined to expand the allotment for the auction of REPOS backed by private instruments, which will increase from the current $5 t to $8 t....

Banco de la República (The Central Bank of Colombia) injects permanent liquidity to the economy by purchasing public and private debt instruments

In its extraordinary session on 23 March 2020, the Board of Directors of the Central Bank decided to inject permanent liquidity to the economy in order to ensure the proper operation of financial markets.

To do so, the Board decided the following:

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in October

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over the non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 30 October 2020.

 

 

Banco de la República (the Central Bank of Colombia) will roll over Forward Contracts maturing in September

At its meeting today, the Board of Directors of the Central Bank (BDBR) decided to roll over non-delivery forward contracts for the sale of US dollars through auctions held on the dates of maturing contracts until 25 September (i.e., the date of the Board's meeting in September).

Banco de la República expands support to liquidity of the economy in pesos and US dollars

The Board of Directors of Banco de la República (BDBR), in its session today, adopted measures that reinforce those taken in previous days to ensure liquidity of the economy both in US dollars and in pesos.

Banco de la República Includes Solidarity Bonds in its Liquidity Operations

Banco de la República (the Central Bank of Colombia) hereby informs that as of today (16 April 2020) solidarity bonds will be included as eligible instruments in its liquidity operations (repo, definitive purchases, and the lender of last resort facility).

The list of agents, eligible...

Banco de la República increases International Reserves through the Direct Purchase of USD 2,000 Million to the National Government

With the aim of increasing international reserves, and taking into account the monetization of US dollars foreseen by the National Government, the Central Bank of Colombia bought USD 2,000 million through the General Directorate of Public Credit and National Treasury of the Ministry of Finance...

Banco de la República increases its international reserves by USD 1.5 billion

On December the 2nd Banco de la República (Central Bank of Colombia) purchased USD1.5 billion from the Government at the current certified exchange rate (TRM). By doing so, the Bank is strengthening its international reserves position accordingly with its long-term external risk hedging policy...

Banco de la República injects permanent liquidity to the economy by reducing reserve requirements and reinforces intervention in the public debt market

In its extraordinary session today, the Board of Directors of Banco de la República (the Central Bank of Colombia) decided to inject permanent liquidity to the economy by reducing reserve requirements as follows:

Banco de la República reinforces Liquidity Supply

With the purpose of reinforcing the adequate supply of liquidity to the economy and support the credit supply required by corporations and households, at its meeting today, the Board of Directors of the Central Bank of Colombia (BDBR) decided to maintain the REPO collateralized with bank credit...

Banco de la República Reinforces Liquidity Supply and Supports Credit Supply

With the purpose of reinforcing the adequate supply of liquidity to the economy and supporting the credit supply required by firms and households, the Board of Directors, at its meeting today, authorized the Central Bank to carry out repo operations collateralized with bank credit claims for up...

Banco de la República reinforces measures to ensure liquidity in the economy in pesos and US dollars

The Board of Directors of Banco de la República, in an extraordinary session today with guest attendance of the Financial Superintendent, adopted measures to reinforce those taken in previous days to ensure liquidity in the economy in both pesos and US dollars and in financial markets in order...

Banco de la República will renew the Maturities of NDF in August

At its meeting today, the Board of Directors of Banco de la República (BDBR) decided to roll over Non-Delivery Forwards maturing in August through auctions to be held on maturity days. 

Banco de la República will roll over NDFs maturing in June

Banco de la República will roll over foreign-exchange hedging (NDF) with maturities in June through auctions. Also, it will continue to auction the non-allotted amount for authorized operations (NDF and Swaps).

Banco de la República`s board votes 5-2 to hold interest rates at 1.75%

Banco de la República’s board of directors decided on December 18 to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

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.

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Banco de la República’s board votes 5-2 to hold interest rates at 1.75%

Banco de la República’s board of directors (BDBR) in its meeting on January 29 held the benchmark interest rate at 1.75%. The decision was based on the following considerations:

Exchange of Pubic Debt Instruments from Banco de la República with the Government

Banco de la República (the Central Bank of Colombia, BR) hereby informs that on 14 May 2020 it exchanged public debt instruments with the national government for COP $1,766 billion (nominal value) at market prices.

In this operation, BR delivered TES with maturities up to 2021, and...

In the context of extreme global volatility, the Board of Directors of the Central Bank, in an extraordinary session, adopted measures to strengthen the liquidity of the country’s payment systems

In its session today, the Board of Directors of the Central Bank of Colombia, in an extraordinary session, with the Financial Superintendent as guest attendant, adopted a set of measures addressed at strengthening the liquidity of the payments system in the context of the current extreme global...

Minutes for Banco de la República's Board of Directors Meeting on December 18, 2020

After considering the most recent information available on economic activity, inflation, and international conditions, Banco de la República's board of directors (BDBR) in its meeting on December 18 held the benchmark interest rate at 1.75%. Five board members voted in favor of leaving the rate...

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