OLD Prices, inflation and monetary policy

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on August 30, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

External demand during the first half of 2013 was somewhat weaker than expected. In the United States, our largest trading partner, the increase in private spending is being offset partly by fiscal consolidation, which has led to a slight decline in the forecast for that country’s growth. The…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on July 26, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on June 28, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on May 31, 2013. In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la República, and…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on April 26, 2013.  It was attended by Mr. Mauricio Cárdenas Santamaria, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on March 22, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on February 22, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

At the end of 2012 annual inflation stood at 2.4%, lower than the long-term target (3%) and within the year’s target range (2%-4%) (Graph A). Fourth-quarter inflation results were lower than average market expectations and also below the rates expected by Banco de la República’s technical staff…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on January 28, 2013.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on December 21, 2012.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on November 23, 2012.   In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…

In its meeting today, the Board of Directors of Banco de la Republica ratified their commitment to keep the inflation target at 3% and confirmed that the monetary policy measures will continue to be directed towards holding inflation at that value. Low and stable inflation is the best…

A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D. C. on October 26, 2012. In attendance were Mr. Mauricio Cárdenas Santamaria, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la República…

On 28th September, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica’s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Mauricio Cardenas-Santamaria, the Governor Mr. Jose Dario Uribe, and the exclusive full-time dedicated…

At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, decided to keep its intervention rate unaltered. In this manner, the base rate for expansion auctions will remain at 4.75%. The following factors were taken into account in the decision-making…

On 24th August 2012, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica’s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Juan Carlos Echeverry, the Governor Mr. Jose Dario Uribe, and the exclusive full-time dedicated…

On 27th July 2012, in the city of Bogota, D.C., the ordinary meeting of Banco de la Republica‟s Board of Directors was held with the presence of the Minister of Finance and Public Credit Mr. Juan Carlos Echeverry, the Governor Mr. José Dario Uribe, and the exclusive full-time dedicated directors…

At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, has decided to lower its intervention interest rate by 25 basis points. In this manner, the base rate for expansion auctions will be 5%. This decision was based on the following factors taken…

Annual consumer inflation in May stood at 3.44%, which means 1 basic point (bp) above the previous month record. This result can be explained by an increase in the annual variation of the CPI without foods which shifted from 2.81% in April to 2.94%…