Six board members voted in favor of this decision and one voted for a 100 basis point increase.
The decision was based on the following considerations:
OLD Prices, inflation and monetary policy
Below are the contents available on the site related to the query.
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- Noticias |
This decision took into account the following considerations:
- Noticias |
The decision to raise the benchmark interest rate to 7.5% was unanimous, and was based on the following considerations:
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- Noticias |
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On April 29, Banco de la República's board of directors (BDBR) voted 4-3 in favor of a 100-basis point increase to the benchmark interest rate, bringing it to 6.0%; three board members voted for a 150-basis point increase.
The decision took into account the following considerations:…
- Publicación |Abstract
The covid-19 pandemic distorted the pattern of household consumption. Consequently, the official fixed basket CPI could be measuring inaccurately the evolution of inflation. The exercise presented in this document, was to update the weighting structure of the basket with alternative…
- Noticias |
The decision was based on the following considerations:
- Publicación |
Presentation made at the XP Investimentos 13th Summit in parallel with the IMF/World Bank Spring Meetings. April 19th 2022.
- Publicación |Abstract
This paper aims to provide evidence on the relationship between fiscal and monetarypolicy in Colombia through an empirical exploration of the credit risk channel. Underthis approach, fiscal policy plays an important explanatory role in the sovereign riskpremium, which, in turn, could…
- Noticias |
On March 31, Banco de la República's board of directors (BDBR) voted 5-2 in favor of a 100-basis point increase to the benchmark interest rate, bringing it to 5.0%; two board members voted for a 150-basis point increase.
The decision took into account the following considerations:
- Noticias |
In 2020, Banco de la República's board of directors (BDBR) took a series of steps to ensure liquidity in the economy and in financial markets in response to the risks and adverse effects caused by the COVID-19 pandemic. In an environment of extraordinary tension, these steps included the…
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The board voted 5-2 to raise the benchmark interest rate to 5.0%; two board members voted for a 150-basis point increase.
The decision was based on the following considerations:
- Publicación |1.1 Macroeconomic summary
Several factors contributed to an increase in projected inflation on the forecast horizon, keeping it above the target rate. These included inflation in December that surpassed expectations (5.62%), indexation to higher inflation rates for various baskets…
- Noticias |
On January 28, Banco de la República's board of directors (BDBR) voted 5-2 to approve a 100-basis point increase to the benchmark interest rate, bringing it to 4.0%; two dissenting members voted for a 75-point increase.
The decision took into account the following considerations:
- Noticias |
- Noticias |
The board voted 5-2 to raise the benchmark interest rate to 4.0%; two board members voted for a 75-basis point increase.
The decision was based on the following considerations:
- Publicación |Abstract Given the importance of climate change and the increase of its severity under extreme weather events, we analyze the main drivers of high food prices in Colombia between 1985 and 2020 focusing on extreme weather shocks like a strong El Niño.We estimate a non-stationary extreme value…
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The Board of Directors of Banco de la República raised the policy rate by 50 basis points (bp) thus putting it at 3.0% in a 4-3 majority decision at its December 17 session. Three members voted for a 75 bp increase.
The decision took the following aspects into account:
- Noticias |
The board voted 4-3 to raise the benchmark interest rate by 50 basis points to 3.0%; three board members voted for a 75-basis point increase.
The decision was based on the following considerations:
