OLD Prices, inflation and monetary policy
Below are the contents available on the site related to the query.
- Publicación |The financial soundness of Central Banks (CBs) may be a necessary condition for achieving their objectives. Banco de la República (the Central Bank of Colombia) has a legal framework that grants it administrative, equity, and technical autonomy, as well as mechanisms that help preserve its capital…
- Noticias |Annual inflation resumed its downward trend, decreasing from 5.3% in February to 5.1% in March. Core inflation, excluding food and regulated items, also declined, from 4.9% to 4.8%. Inflation expectations derived from public debt markets fell, while those obtained from surveys remained stable.…
- Publicación |The pass-through of the VAT rate change is much less than proportional and highly heterogeneous.
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Cartagena,
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Cartagena,
- Noticias |Annual inflation increased marginally to 5.3% in February, following a three-month period of stability at 5.2%. The most significant increases were observed in the prices of processed foods and certain regulated items, including gas and transportation. Core inflation (excluding food and regulated…
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The activities and operations of an industrial company rely largely on energy sources such as electricity and gas, in addition to other elements, including raw materials and labor. Manufacturing operations are the primary consumer of multiple energy sources within the industry sector, whereas…
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Annual inflation is computed using the consumer price index (CPI), the twelve months included in this calculation are weighted equally. Consequently, price variations during the period analyzed may lead to an underestimation or overestimation of the signifcance of the information included in the…
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Several studies have pointed to the influence of the minimum legal wage (SM for its Spanish acronym) on the labor market and the observed distribution of wages and prices in the economy, among other effects. In 2022, Banco de la República conducted a comprehensive study on the macroeconomic…
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Inflation has fallen significantly, from 9.3% in 2023 to 5.2% in 2024. During this year and into the next, inflation would continue to decline towards the inflation target.
- Publicación |Banco de la República (the Central Bank of Colombia) implemented pilot surveys and, in 2023, conducted a nationally representative survey of the adult population. This revealed important data, such as that 95% of Colombians have heard of the Bank, but only 44.6% identify it as responsible for…
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Economists Laura Carla Moisá-Elicabide and César Augusto Giraldo-Giraldo will participate in their first meeting…
- Publicación |The necessary effort to stabilize inflation is greater when credibility is low, requiring the implementation of stricter policies than usual to achieve the same inflation targets.
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Notes at the 27th Asobancaria Treasury CongressLeonardo Villar, Governor of Banco de la República (the Central Bank of Colombia)Cartagena, 13 February 2025
Thanks to Asobancaria, and particularly to…
- Noticias |In December, annual inflation remained at 5.2%, unchanged from the levels seen in November. Monthly inflation (0.46%) driven by food price inflation, which climbed from 2.3% to 3.3%, exceeded the expectations of both the market (0.40%) and the technical staff (0.34%). Core inflation, excluding food…
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While inflation fell significantly in 2024, it continues above the 3% target. However, monetary policy measures and corrections in particular factors that exert upward price pressures have helped direct inflation toward the objective. Economic activity continues to recover and is expected to…
- Publicación |Nowcasting inflation is not only considered an alternative measure of observed inflation, but also a predictor, which allows for constructing inflation forecasts with better performance
- Publicación |The results are relevant for future discussions on climate policies, as they indicate that carbon taxes will be effective but probably more regressive than previously thought.
- Noticias |In November, annual inflation fell to 5.2%, below the 5.4% seen in October. Core inflation, excluding food and regulated items, remained close to 5.4%, as a result of persistent inflationary pressures in the services sub-basket (7.3%). The latter is due to upward pressures from the food away from…
- Publicación |Forecast evaluation measures support the implementation of this method, and the results show a reduction in the error of inflation forecasts across various time horizons.
