Measures taken by BR on account of COVID-19

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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 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-...

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 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 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 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 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 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 of the Meeting of the Board of Directors of Banco de la República on 25 September 2020

At its meeting on 25 September, the Board of Directors of Banco de la República (the Central Bank of Colombia) assessed the latest figures available on the domestic and global economic activity. The monetary policy discussion focused on the following aspects.

Minutes of the Meeting of the Board of Directors of Banco de la República on 29 May 2020

The ordinary meeting of the Board of Directors of Banco de la República took place on 29 May 2020 in Bogotá D.C. In attendance were the Minister of Finance and Public Credit, Alberto Carrasquilla Barrera; the Governor of the Central Bank, Juan José Echavarría Soto; and Board Members Arturo José...

Minutes of the Meeting of the Board of Directors of Banco de la República on 30 October 2020

The Central Bank's Board of Directors (BDBR) considered recent information related to economic activity and inflation, as well as the technical staff's revised forecasts. It noted a slight improvement in growth projections for 2020, though still in the context of significant economic contraction...

Minutes of the Meeting of the Board of Directors of Banco de la República on 31 August 2020

At its meeting on 31 August, the Board of Directors of Banco de la República (the Central Bank of Colombia) assessed the latest figures available on the domestic and global economic activity. The monetary policy discussion focused on the following aspects:

Minutes of the Meeting of the Board of Directors of Banco de la República on 31 July 2020

At its meeting on 31 July, the Board of Directors of the Central Bank (BDBR) assessed the latest figures available on the national and global economic activity. Outlined below are the main elements of the monetary policy discussion. 

The Board considers that the economic activity...

Minutes of the Meeting of the Board of Directors on 27 March 2020

The ordinary meeting of the Board of Directors of Banco de la República took place on 27 March 2020 in Bogotá D.C. In attendance were the Minister of Finance and Public Credit, Alberto Carrasquilla Barrera; the Governor of the Central Bank, Juan José Echavarría Soto; and Board Members Gerardo...

Minutes of the Meeting of the Board of Directors on 30 April 2020

The Coronavirus pandemic has generated a collapse in global economic activity. Additionally, Colombia has been severely affected by the collapse in the international price of oil.

The members of the Board highlighted the importance of the measures taken in recent weeks to ensure a wide...

Minutes of the Meeting of the Board of Directors on 30 June 2020

1. DISCUSSION AND POLICY OPTIONS

The Board of Directors considered that the recent information on economic activity and the revisions to the forecasts made by several agents suggest that the contraction of economic activity for 2020 will be greater than anticipated at the beginning of...

Purchases / Sales of TES, Foreign Exchange, and TES Portfolio Holdings by Banco de la República

Banco de la República (the Central Bank of Colombia, BR) hereby informs that in February 2021 it did not make any purchases or sales of TES B in the market. At the end of February, the outstanding balance of TES held by BR was COP $20,730.5 billion (value at market prices).

The TES...

Purchases / Sales of TES, Foreign Exchange, and TES Portfolio Holdings by Banco de la República

Banco de la República (the Central Bank of Colombia, BR) hereby informs that in July 2020 it did not make any purchases or sales of TES B in the market. At the end of July, the outstanding balance of TES held by BR was COP $20,790.7 b (value at market prices).

The TES portfolio of BR (...

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