Measures taken by BR on account of COVID-19

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Minutes of the Board of Directors' Meeting - 27 November 2020

The Board of Directors reviewed the latest available information on economic activity, inflation, and international conditions in their November 27 session. The monetary policy discussion took the following aspects into account:

Minutes for Banco de la República's Board of Directors Meeting on March 26, 2021

After a thorough evaluation of the most recent indicators of economic activity, inflation, the credit market and international financial conditions, Banco de la República's board of directors (BDBR) decided unanimously on March 26 to hold the benchmark interest rate at 1.75%.

The monetary...

Minutes for Banco de la República's Board of Directors Meeting on June 28, 2021

After a thorough evaluation of economic activity, inflation and international financial conditions, Banco de la República's board of directors (BDBR) voted unanimously on June 28 to hold the benchmark interest rate at 1.75%.

The monetary policy discussion centered on the following...

Minutes for Banco de la República's Board of Directors Meeting on July 30, 2021

After a thorough evaluation of economic activity, inflation and international financial conditions, Banco de la República's board of directors (BDBR) on July 30 voted by majority to hold the benchmark interest rate at 1.75%.

The monetary policy discussion centered on the following...

Minutes for Banco de la República's Board of Directors Meeting on January 29, 2021

En su sesión del 29 de enero, la Junta Directiva del Banco de la República revisó la última información disponible sobre actividad económica, inflación y condiciones internacionales. La Junta decidió mantener la tasa de política After considering the most recent information available on economic...

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...

Minutes for Banco de la República's Board of Directors Meeting on April 30, 2021

After a thorough evaluation of the most recent indicators of economic activity, inflation and international financial conditions, Banco de la República's board of directors (BDBR) voted by a 6-1 majority to hold the benchmark interest rate at 1.75%, with one dissenting vote in favor of a 25-...

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...

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...

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:

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 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 votes unanimously to hold interest rates at 1.75%

Banco de la República's board of directors (BDBR) in its meeting on March 26 held the benchmark interest rate at 1.75%. The unanimous decision to maintain an expansive monetary policy position takes into account the following considerations:

Banco de la República's board votes 6-1 to hold interest rates at 1.75%

Banco de la República's board of directors (BDBR) in its meeting on April 30 voted 6-1 to hold the benchmark interest rate at 1.75%. This majority decision was based on the following considerations:

Banco de la República's board of directors (BDBR) voted unanimously to hold the benchmark interest rate at 1.75%

Banco de la República's board of directors (BDBR) in its meeting on June 28 voted unanimously to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

Banco de la República's board decides by majority to hold interest rates at 1.75%

Banco de la República's board of directors (BDBR) in its meeting on July 30 voted by majority to hold the benchmark interest rate at 1.75%. The decision was based on the following considerations:

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 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 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 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...

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