Measures taken by BR on account of COVID-19

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The Board of Directors of Banco de la República (the Central Bank of Colombia, BDBR) reduced the benchmark interest rate by a quarter percentage point to 1.75% with a 4-3 vote

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

The Board of Directors of Banco de la República reduced by half a percentage point the benchmark interest rate to 3.25%, and took additional measures to provide liquidity to the economy

[Video] Press Conference with the Governor of the Central Bank of Colombia

Juan José Echavarría, Governor, and Hernando Vargas, Deputy Technical Governor, answer questions from analysts and journalists related to the decision reached today by the Board of Directors.

The Board of Directors of Banco de la República reduced the Benchmark Interest Rate by one -fourth of a Percentage Point to 2.50%

The Board of Directors of Banco de la República (BDBR), by majority, reduced the Benchmark Interest Rate by half a Percentage Point to 2.50%. In this way, it continues with the countercyclical monetary policy stance.

This decision took the following elements into consideration: 

The Board of Directors of Banco de la República unanimously decided to cut the Benchmark Interest Rate by one fourth of a Percentage Point to 2.25%

The Board of Directors of Banco de la República (BDBR) unanimously decided to lower the Benchmark Interest Rate by one fourth of a Percentage Point to 2.25%. This decision took the following elements into consideration:

The Board of Directors of Banco de la República unanimously maintained the benchmark interest rate at 1.75%

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:

The Board of Directors of Banco de la República will also assess monetary policy conditions in May, August, and November 2020

At its meeting in November 2017, the Board of Directors of Banco de la República (BDBR) adopted a new scheme for monetary policy decisions, according to which, ordinarily, no monetary policy decisions would be made in the months of February, May, August, and November each year.

The Board of Directors of the Banco de la Republica has unanimously decided to keep the monetary policy rate unchanged at 1.75%

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 Board of Directors of the Banco de la Republica is holding the inflation target at 3%

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...

The Board of Directors of the Central Bank and the Financial Superintendent analyzed the recent developments of the economic and financial situation in the external front in the context of the current global health emergency

The Minister of Finance, the Governor of Banco de la República (the Central Bank of Colombia), and the Financial Superintendent hereby inform that:

The members of the Board of Directors of Banco de la República, the Minister of Finance and Public Credit, and the Financial...

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%

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:

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