Measures taken by BR on account of COVID-19

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.

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:

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…

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:

The Board of Directors is keeping the inflation target (annual change in the CPI) at 3% within a range between 2% and 4%.

The Board of Directors will continue careful monitoring of inflation trends, economic activity, the forecasts for these variables, and the international situation and…

During today’s meeting, the Board of Directors of the Banco de la Republica unanimously decided to hold the policy rate at 1.75%. This decision was made on the basis of the following considerations:

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…

Banco de la República (the Central Bank of Colombia) will roll over forward contracts maturing in November.

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…

The Board of Directors of Banco de la República, at today’s meeting, unanimously decided to maintain the benchmark interest rate at 1.75%. For this decision, the Board mainly took into account the following elements:

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.

For this decision, the Board mainly took into account the following elements:

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.

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).

The Board of Directors of the Central Bank of Colombia (BDBR) unanimously reduced the benchmark interest rate by a quarter percentage point to 2.0%. For this decision, the Board mainly took into account the following elements: